Bitcoin, Solana & Dogecoin — Asian Wrap 22 Mar

Bitcoin price is currently trading at $41,000. Following this weekend’s breakout, the peer-to-peer digital asset appears to be consolidating before the next rally commences. Bitcoin price shows signs of a large wave four on the macro chart.


Solana price action continues to vex bulls and bears alike, but bears are getting the brunt of the pain this time. Despite ample opportunity and multiple textbook short setups, bears are unable or unwilling to press Solana lower. Instead, SOL has created conditions that may start a new uptrend. 


Dogecoin price has emerged with new fuel as the bulls have established bullish price action on the 8-hr chart. DOGE has the potential for up to a 14% rally with a precise invalidation level. A close below $0.115 will invalidate the bullish thesis.