However, the analyst highlighted a scenario where the Bitcoin price rallies to $200,000 and then a breakout of the wedge pattern sends Dogecoin to $15. He remarked that such a scenario makes the $15 price target more realistic and that, since crypto is unpredictable, anything is possible.
The analyst added that pro-crypto policies and deregulation could be a powerful tailwind for the US economy, which would help keep people employed and ultimately maintain high asset prices.
Featured image from Unsplash, chart from TradingView
