Dogecoin, MATIC and Bitcoin – European Wrap 11 November

Dogecoin price has been stuck under a crucial barrier for roughly five months. Although DOGE rallied on October 28, it failed to push through this hurdle, leading to consolidation. However, the increased coiling up suggests that the dog-themed cryptocurrency is due for a breakout.

MATIC price is traversing an incredibly bullish pattern, which triggered a massive bull run on October 29. However, the buying momentum fell short, and the flash crash on November 11 brought Polygon back to the breakout point, where it will give the uptrend another go.

Bitcoin price recently recorded a new all-time high at near $69,000 on November 10 fueled by sustained inflation. The argument that the leading cryptocurrency is a hedge against rising cost pressures has been fueled by inflationary fears. While BTC skyrocketed to a new record high, a prominent analyst believes that the flagship digital asset could reach $250,000 by January 2022.