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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Before Dogecoin Hits $1, This Needs To Happen — Analyst Explains

Jake Simmons
Jake Simmons
2 months ago
3 mins read
Dogecoin price news

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VisionPulsed, a popular YouTube chart analyst, believes Dogecoin’s path to the long-awaited one-dollar milestone still runs through a narrow technical corridor that has not yet been cleared. In his latest video, titled “THIS MUST HAPPEN TO CONFIRM DOGECOIN $1 PUMP and AVOID BEAR MARKET CRASH,” the analyst argues that Dogecoin and its bellwether Bitcoin have both broken their multi-month downtrends, but stresses that the market has one final proving ground to cross before a full-blown uptrend can take hold.

When Will Dogecoin Reach $1?

“We broke the downtrend—no matter how you draw it, it’s broken,” VisionPulsed tells viewers, pointing to Dogecoin’s diagonal resistance line that dates back to early 2024. In his framework, that downtrend was one of five “layers of hell,” a tongue-in-cheek name for stacked Fibonacci retracements and moving-average caps that have suffocated rallies since the 2021 peak. Three of those layers, he notes, are already “green,” and the fourth—essentially the 0.618 retracement—has now stalled price action.

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Can Dogecoin Realistically Reach $3? Analyst Weighs In

2 months ago

Historically, VisionPulsed adds, every decisive trend break in this cycle has been followed by a retracement that “back-tests” the former resistance as new support. He cites two prior episodes on Bitcoin where the market circled back 50–60 days later to kiss the trendline before rallying. A similar rhythm would place Dogecoin’s potential retest in May. “It doesn’t have to happen,” he concedes, “but I’m not going to ignore it.”

Much of the argument rests on Bitcoin, whose breakout he says is more advanced than Dogecoin. VisionPulsed sets $94,000 as the last bearish redoubt for Bitcoin—the level where the 0.618 retracement and a prior horizontal shelf converge. “This $94,000 range is basically the last resistance before it’s full-blown bull-market bullish,” he states. If Bitcoin vaults that barrier, his chart implies an air-pocket move to $100,000 and then $128,000, a scenario that would almost certainly lift Dogecoin with it.

Conversely, a rejection at $94,000 and a slide back to the broken trend would keep the larger market in check and extend Dogecoin’s sideways drift. The analyst insists he has “learned [his] lesson saying things have to happen,” framing the levels as conditional road signs rather than certainties.

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For Dogecoin itself, VisionPulsed is candid: an explosive ascent is not imminent. “I still think the best-case scenario for Dogecoin is sideways,” he says, clarifying that by “up” he means the kind of vertical “barrage of green candles” last seen in early 2021. What encourages him is the subtle upward curl of the daily stochastic RSI—“the higher it goes, the more bullish probability increases,” he notes—without yet flashing the overbought extremes that preceded previous eruptions.

Overlaying macro correlations, the analyst is watching the euro-dollar pair, which he argues has foreshadowed local Bitcoin tops throughout this cycle. If the euro rolls over while Bitcoin pushes into the mid-$90,000, past behavior suggests a near-term crypto peak could follow. Still, he declines to forecast a final top, saying, “We’ll worry about that when the time comes.”

Taken together, VisionPulsed’s roadmap proposes a quiet consolidation through late April into May, a possible trendline retest, and then a decision point at Bitcoin $94,000. Only when that barrier is flipped into support, he contends, does Dogecoin earn the structural clearance to challenge the psychological one-dollar marker.

At press time, DOGE traded at $0.175.

Dogecoin price
DOGE retests the channel, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
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Jake Simmons
Jake Simmons

Jake Simmons

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.

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His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.
With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.

Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control.

For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality.

As a journalist, Jake’s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies.

In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it’s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake’s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time.

You can engage with his latest takes on Twitter: @realJakeSimmons.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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