Bitcoin (BTC) Supercycle Could Start Next Week if This Signal Plays Out

Bitcoin price is currently trading at $109,000 after briefly smashing through its all-time high near $100,000. As it hovers near that critical level, a chart shared by DimaPotts36 on X suggests that every time Bitcoin has closed a weekly candle at new all-time highs, it has sparked massive rallies for Dogecoin.

Bitcoin (BTC) price is currently trading at $109,000 after briefly smashing through its all-time high near $111,000. As it hovers near that critical level, a chart shared by DimaPotts36 on X suggests that every time Bitcoin closed a weekly candle at new all-time highs, it has sparked massive rallies for Dogecoin (DOGE).

The chart shared by DimaPotts36 lays out three major Bitcoin price cycles: 2017, 2020, and now 2025. In each of the two previous cycles, once Bitcoin closed a weekly candle above its prior all-time high, Dogecoin didn't just follow, it exploded.

In March 2017, Dogecoin spiked by roughly 94x in the weeks that followed Bitcoin's new high. Then in December 2020, it rallied an unbelievable 190x after a similar Bitcoin breakout.

Now, the same setup is appearing again. Bitcoin is on the verge of closing another weekly candle above its former high. If this plays out like before, the Dogecoin price could be on the edge of another supercycle. According to the visual analysis, a hypothetical 3,441% move is being watched, this would take the DOGE price to over $10 per coin.

What to Watch for Dogecoin Price This Week

The entire analysis hinges on a single point: Bitcoin must confirm a weekly close above its old all-time high. Without that, the pattern remains incomplete. But if it does close strong, it could signal that the altcoin rotation is ready to kick off. Historically, that's when DOGE shines.

Relying on Fibonacii levels, the analyst predicts a potential rally of 3,441% for Dogecoin. This would put the meme coin at around $10 by the time the move is over. However, even a smaller gain could still generate significant returns for traders entering at current levels.

DimaPotts36 emphasizes this timing. The analyst wrote that Dogecoin has not just risen after these signals, it has launched. With the DOGE price currently still trading far below its all-time high, this could mark a rare chance for meme coin traders to front-run another major rally.

The next weekly candle close could be a make-or-break moment. And if Bitcoin breaks through convincingly, history suggests Dogecoin may be next in line to steal the spotlight.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here.

We recommend eToro for the best cryptocurrency exchange in the U.S. overall.

See More Useful Cryptocurrency Content:eToro Review - Best Cryptocurrency Exchange in the U.S.

Best Cryptocurrency Scanners to Use in 2023

Best Cryptocurrency Copy Trading Platforms in 2023

Best Cryptocurrency Hardware Wallets in 2023

Best Cryptocurrency Software Wallets in 2023

Get the Latest Cryptocurrency News and Analysis

The post Dogecoin (DOGE) Price Could Explode 3,441% After Bitcoin Reaches This Level appeared first on Benzinga.