Dogecoin (DOGE) saw a flash crash on Saturday, as Bitcoin made a similar move and dragged most of the other cryptocurrencies with it. As bears are enjoying the downtrend, a halt and U-turn might be just around the corner as shorters have not much profit left on the table to close out their positions. Investors in DOGE price action are looking to pick up some hefty volume as the price is at an attractive discount.
Bitcoin price is currently consolidating after a minor recovery from the brutal sell-off on December 4. The recent uptick in buying pressure has pushed BTC higher, and altcoins have followed suit. Going forward, investors can expect Ethereum, Ripple and others to continue heading higher.
Bitcoin price wiped October gains in the recent crash over the weekend, leading analysts to question whether the bear market has started. Bitcoin’s two-month-long bearish streak is indicative of a bear market.