The cryptocurrency market is trading rapidly, showing signs of a possible healing and recovery. With Bitcoin hitting the $70K mark again, the market has responded well to the change, with most of the coins trading in green. Here’s the latest forecast for two leading crypto coins, Dogecoin (Doge) and Bitcoin (BTC), for August 2024.
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Bitcoin (BTC ) And (Dogecoin) Price Prediction August 2024
Bitcoin Price Prediction for August
With Bitcoin hitting a new price mark of $70K, the market has responded well to the milestone, helping other coins recover from the mutt. Bitcoin is currently trading for $65K, hinting at a possible price surge by August 2024.
With Russia legalizing crypto payments alongside the US elections promoting the crypto sector, Bitcoin has lately reverted well to such changes. The token is expected to continue to forge its price path and may trend at a new ATH soon.
According to CoinCodex, Bitcoin is anticipated to hit $87K by August end, rising and surging by a whopping 32% in the process.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 32.10% and reach $87,196 by August 30, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 61 (greed). Bitcoin recorded 16/30 (53%) green days with 6.73% price volatility over the last 30 days.”
"We now have additional companies coming out and saying we’re going to put #Bitcoin on our balance sheet as a strategic treasury asset." – @billfour pic.twitter.com/rAEBqkfxzS
— Michael Saylor⚡️ (@saylor) July 30, 2024
Dogecoin (Doge) Price Forecast for August 2024
Dogecoin is another promising cryptocurrency that has yet to note a significant price hike in its entirety. Doge boasts a stellar community system, but its price is yet to note significant price action, which can help the token achieve new milestones.
However, Doge’s slow price pace has not deterred its ardent community fans, who continue to support the token despite all odds. One notable analyst, Jonathan Carter, has predicted a new path for Doge. He shared how the token has lately been consolidating in a “symmetrical triangle,” and at the same time, Doge is experiencing rejections from the resistance points. The next move by Doge may help the token recover, helping it finally establish a decent price pace.
#DOGE
— Jonathan Carter (@JohncyCrypto) July 30, 2024
Dogecoin is consolidating in a symmetrical triangle pattern🧐
Recent price action shows rejections from the resistance resistance🔻
Wait for a clear breakout or breakdown from the triangle for next move👨💻 pic.twitter.com/CzPUWasZWl
According to CoinCodex, Doge may note a drop in its price, plunging by 13% in the process.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -14.04%. And reach $0.107242 by August 30, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 61 (greed). Dogecoin recorded 14/30 (47%) green days with 8.68% price volatility over the last 30 days.”
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The technical platform, however, shares that consumer sentiment towards Doge is still green, which may help the token pivot slightly from its existing price path.
