Bitcoin takes center stage as DOGE falters despite market growth

The crypto market is trying to find solid ground, and Samson Mow believes it will bring a positive outlook.

The Bitcoin maximalist shared optimistic expectations surrounding Bitcoin’s price movement. The expert went on to X/Twitter to talk about the market shift. According to Mow, Bitcoin is set to hit $1 million at any moment.

The maximalist continued to state that BTC reaching $1 million will derail everything for most companies. This includes Mow’s company, Jan3, and other big crypto projects. The prediction caught the eyes of many investors and traders, given Mow’s status in the crypto market.

After flirting for a while around the $40,000 mark, BTC has finally regained composure at $42,000. The crypto is currently trading at $42,003, with a 0.83% dip in the past 24 hours.

On the other hand, a Dogecoin whale recently transferred massive amounts of Dogecoin to Binance. Experts expect the whale to liquidate the tokens, followed by fund rotation into ETH with bullish weekly divergence.

Despite the majority of the meme coins getting price hikes, Dogecoin is still struggling to find footing. The original meme token is currently trading at $0.07838, with a 2.05% dip in the past 24 hours. DOGE has lost over 14% of its value in the past month, which brings troubling news to the token holders.

The token has been trying to reclaim the $0.1 mark for a while. The latest on-chain data show that DOGE purchasing momentum has weakened. Several weeks ago, some retail traders bought 550 million Dogecoins, but the token still struggles to surpass the $0.1 resistance level.

If DOGE falls below the $0.0712 support level, it may decline to the $0.057 range. Conversely, reclaiming the $0.12 level will help DOGE solidify itself over the $0.1 mark.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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