While investors were wondering when Bitcoin and altcoin prices would rise, BTC and Dogecoin analysis came from the popular Ali Martinez.
Martinez, who first examined Bitcoin, said that the Bitcoin Miners Position Index (MPI) increased to 9.43.
Stating that this rate is an indication that miners are moving more BTC than normal, the analyst stated that this situation indicates potential sales.
The analyst warned investors by stating that this situation signals further sales and decline in BTC.
“Bitcoin Miners Position Index (MPI) rose to 9.43 on January 12! This indicates that miners are moving more BTC than usual and points to potential sell-offs.
Despite the recent BTC price correction, be careful; More miner sales could drive BTC price lower!”
“Bullish Signal for Dogecoin!”
Secondly, the analyst examining the popular meme token DOGE stated that the TD Sequential indicator offers a buy signal soon.
As long as DOGE continues to hold the $0.074 support level, DOGE could rally towards $0.100 or higher.
“The TD Sequential indicator recently introduced a buy signal on the Dogecoin 3-day chart. As long as the $0.074 support level continues to hold, DOGE has a great chance of rising to $0.100 or higher!”
DOGE is at $0.0815 at the time of writing.
*This is not investment advice.