Bitcoin on Monday briefly surged to $90,000 before sliding back to around $87,000 as markets remain jittery. A reclaim of $90,000 is the key trigger, which could open a move toward $95,000 and potentially a breakout into six figures.
Bitcoin has bottomed near $80,500 on Nov. 21 and has since traded within an $84,000–$90,000 range for more than a month. Meanwhile, crypto chart analyst Ali Martinez said Dogecoin may be forming another wedge pattern that could trigger a renewed upward trend.
Bitcoin briefly touched $90,000 on Monday before retreating to around $87,000 as markets remained jittery. A reclaim of $90,000 could pave the way toward $95,000 and possibly a breakout into six figures. The asset has bottomed near $80,500 on Nov. 21 and has traded in an $84,000–$90,000 range for more than a month. Ali Martinez notes Dogecoin may be forming another wedge pattern that could trigger renewed upside.
A move above the milestone would open higher targets, while failure to reclaim could keep sentiment range-bound. Traders will monitor macro cues and liquidity as the next set of catalysts.
If the wedge pattern unfolds, Dogecoin could add upside momentum to the broader crypto complex. This setup may help buoy sentiment and attract buyers seeking a breakout above key levels.
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