Dogecoin Takes Queues From Bitcoin As Dog Days Of Summer Approach

The cryptocurrency market could be in for a hot weekend as the dog days of summer approach.

Bitcoin (CRYPTO: BTC) regained the $50,000 level Fridat after receiving follow through on a bull break from a descending channel Benzinga called out on Thursday.

Dogecoin (CRYPTO: DOGE) has completed its own bullish pattern and on Friday was attempting to confirm the pattern was recognized. If it is, Dogecoin could be in for a long run over the coming days.

See Also: How to Buy Dogecoin

The Dogecoin Chart: After reaching an Aug. 16 high of 35 cents, Dogecoin began a weeks-long period of consolidation. In its consolidation, the crypto formed a bullish inverted head-and-shoulder pattern on the daily chart with the ...

Full story available on Benzinga.com

Read full story at benzinga's website.


Recently from benzinga

More from benzinga