Analyst Predicts Bitcoin Trading Sideways Until 2024 Halving; Dogecoin Surges 50% as Ocean Protocol Eyes Upside
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Bitcoin could continue trading sideways until just before the 2024 halving, or see another deep retracement going into the halving based on historical patterns.
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Dogecoin has broken out above a key resistance level and rallied over 50% from the bottom of its trading channel.
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The trader is bullish on Ocean Protocol, noting signs of support around its current price which could precede a move upwards to $0.48.
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The article discusses the crypto market outlook from analyst Rekt Capital, covering Bitcoin, Dogecoin and Ocean Protocol.
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The next Bitcoin halving event, which cuts mining rewards in half, is expected to occur in April 2024.