Dogecoin’s Fate Tied To Bitcoin, Says Crypto Analyst: ‘Sit Back And Wait’
Posted On December 13, 2024
A popular cryptocurrency analyst cautioned Dogecoin (CRYPTO: DOGE) traders on Thursday not to overly focus on the cryptocurrency, as its movements are linked to what Bitcoin (CRYPTO: BTC) does.
What Happened: Kevin, known for sharing insights and forecasting price movements for the meme coin giant, stated, “My position is that DOGE is not in control of itself, and its fate lies purely in BTC’s hands at the moment. so overly focusing on the asset is sort of a waste of time.”
The analyst added that he was hopeful the ongoing cycle would head higher in the days ahead regardless of “short-term noises.” “Nothing else to do but sit back and wait if you’re a long-term holder who got in early like myself.”
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