According to a crypto analyst, Dogecoin (DOGE) has returned to a key trendline that has repeatedly marked major cycle bottoms in past market phases. The setup comes alongside low sentiment and weakness, conditions that previously aligned with strong price recoveries. The analyst noted that this lower line could now form a potential base for Dogecoin’s next upside move to the top.  Analyst Forecasts Dogecoin Perfect Price Bottom Market expert Cryptollica has announced that Dogecoin may have formed a cycle bottom after revisiting a long-term support trendline that has been building since 2021. The analyst noted that every previous market bottom since 2021 began at this same lower support line.  Related Reading: Dogecoin Will ‘Pump Hard’ After This Happens, Analyst Clocks Generational Entry In his X post, Cryptollica pointed to psychological conditions that have historically aligned with this lower trendline. He noted that each time Dogecoin approaches this area, demand and interest in the meme coin plummets to low levels, with sentiment turning extremely negative and fearful.  This area has also marked major reversal points for Dogecoin, allowing the cryptocurrency to begin a fresh recovery after a severe downtrend. Past movements from Cryptollica 2021 to 2024 price chart support this view. In 2021, Dogecoin touched this trendline around $0.095 before surging to new highs that marked its historical bull run. A year later, in 2022, the same trendline held at $0.045, again marking the bottom before a sharp rebound. The cryptocurrency also established a fresh bottom near $0.055 in 2024 before starting an uptrend that eventually pushed its price above $0.225. In the current market cycle, Dogecoin has revisited this lower trendline once again. The first time this happened was in early 2026 when its price crashed to roughly $0.085, and the second occurred just recently. Cryptollica has described this latest retest as the “perfect bottom” for Dogecoin, noting that the same structure and negative psychological conditions in 2021 are also present in the current cycle. With chart patterns and broader sentiment aligning almost perfectly, the analyst believes that a market reset may have already occurred or is nearing completion. If this view proves correct, he expects Dogecoin to enter a recovery phase soon, with potential upside targets near $1.6.    Analyst Urges To Wait For Confirmation Before Calling Bottom In a separate analysis, market expert Erick Crypto revealed that Dogecoin has recently lost a major support zone. He said the key demand area near $0.085 failed to hold as market sellers took control, adding more pressure on the meme coin’s price.  Related Reading: Dogecoin Price Just Entered A Critical Level, But Analyst Says It’s Not Time To Buy The analyst added that the latest move raises questions about whether it was a liquidity sweep ahead of a potential recovery or the beginning of a deeper price correction. As Dogecoin continues its downtrend, Erick Crypto noted that its trading volume is still increasing, signaling strong market participation. He urged traders to closely watch price movements and wait for a clear confirmation before calling a final cycle bottom.  Featured image from iStock, chart from Tradingview.com

According to a crypto analyst, Dogecoin (DOGE) has returned to a key trendline that has repeatedly marked major cycle bottoms in past market phases. The setup comes alongside low sentiment and weakness, conditions that previously aligned with strong price recoveries. The analyst noted that this lower line could now form a potential base for Dogecoin’s &#8230;

Here’s The Dogecoin Perfect Bottom And The Top Target; Analyst

The narrow election results highlight Peru&#8217;s deep political divisions, potentially leading to prolonged instability and contested governance.
The post Sánchez narrowly leads Fujimori in Peru election runoff with 98% of votes counted appeared first on Crypto Briefing.

The narrow election results highlight Peru&#8217;s deep political divisions, potentially leading to prolonged instability and contested governance. The post Sánchez narrowly leads Fujimori in Peru election runoff with 98% of votes counted appeared first on Crypto Briefing.

Sánchez narrowly leads Fujimori in Peru election runoff with 98% of votes counted

The collaboration could reshape AI infrastructure and market dynamics, impacting global chip supply and driving innovation in consumer tech.
The post OpenAI’s Sam Altman to meet Samsung Electronics for AI adoption talks appeared first on Crypto Briefing.

The collaboration could reshape AI infrastructure and market dynamics, impacting global chip supply and driving innovation in consumer tech. The post OpenAI’s Sam Altman to meet Samsung Electronics for AI adoption talks appeared first on Crypto Briefing.

OpenAI’s Sam Altman to meet Samsung Electronics for AI adoption talks

Geopolitical tensions highlight Bitcoin&#8217;s vulnerability to global events, impacting market stability and investor confidence amid rising risks.
The post US strikes on Iran send Bitcoin tumbling as Trump orders military escalation appeared first on Crypto Briefing.

Geopolitical tensions highlight Bitcoin&#8217;s vulnerability to global events, impacting market stability and investor confidence amid rising risks. The post US strikes on Iran send Bitcoin tumbling as Trump orders military escalation appeared first on Crypto Briefing.

US strikes on Iran send Bitcoin tumbling as Trump orders military escalation

XRP network activity and investor profitability fall to record lows, leading traders to focus on the $1 to $0.65 zone.

XRP network activity and investor profitability fall to record lows, leading traders to focus on the $1 to $0.65 zone.

XRP transaction demand falls 91.5% as traders focus on $0.65 support

Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years. Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt the Bitcoin position he previously reduced. “I nibbled a little bit,” Gromen said, but added that he has “not really bought back in in any real way.” The reason, he suggested, is that Bitcoin’s recent price action may be signaling something important about liquidity, market structure and the political sensitivity of hard-asset signals. Paper Bitcoin And The $58K-$72K Frustration Zone Brunell asked Gromen about his prior remark that Bitcoin could remain stuck in what she described as a “$58K to $72K gang for a while,” and whether BTC and gold prices could be suppressed. Gromen clarified that the comment was partly “tongue-in-cheek,” but said there is a serious mechanism behind the idea. Related Reading: Bitcoin At A Discount? Coinbase Exec Says Institutions And Govts Are Buying “I think the way they would do it is the expansion of derivatives, the way they’ve done it with gold historically,” he said. “I think you can in the long run. I don’t think you can do it with Bitcoin, but to the extent that you can expand derivatives, in the short run they can matter.” Gromen’s argument is not that Bitcoin’s supply can be changed, but that demand can be diverted. A buyer that otherwise would need to purchase spot BTC can instead buy a call option or another synthetic instrument. That still expresses bullish exposure, but it does not necessarily remove coins from the market in the same way self-custodied spot accumulation would. “Somebody wants to own Bitcoin, but they’re not buying Bitcoin. They’re buying a call on Bitcoin,” Gromen said. “If you didn’t have those derivatives there, then if you want to own Bitcoin, you got to own Bitcoin. Now, you can buy a derivative on Bitcoin, and it starts to get sloppier, looser.” For Gromen, that distinction matters most over shorter windows. He argued that policymakers can manage optics “to a lot of things” in the near term, even if they cannot do so indefinitely. Luke Gromen on why Bitcoin might keep stalling around $58k-72K: big players can satisfy demand with paper bets instead of buying real #Bitcoin, which holds the price back. It’s worked on #gold for years, but he doesn’t think it lasts forever with Bitcoin… https://t.co/yPAuJA3dKI pic.twitter.com/CwZ2cGwwW6 — Natalie Brunell ⚡️ (@natbrunell) June 9, 2026 Bitcoin As A Liquidity Smoke Alarm The derivative-suppression thesis sits inside a broader macro framework. Gromen described Bitcoin as “one of, if not the last functioning smoke alarm of liquidity,” and said its recent weakness is “telling us not good things.” In his view, liquidity is being absorbed elsewhere, most visibly by AI-related equities and by energy and commodities after the Iran war. “AI is sucking all the oxygen out of the room, all the liquidity out of the room, and it’s all in one area,” Gromen said. “And I think that’s happening to Bitcoin as well. I think it’s a victim of that as well.” He argued that the equity rally is narrower than headline indices suggest, with AI-linked names carrying much of the move. That makes Bitcoin’s lag more relevant to him: if BTC is a liquidity-sensitive asset and it is not confirming the strength in stocks, the market may be less healthy than the index level implies. Related Reading: Bitcoin Stablecoin Ratio Drops To Extreme Low—What It Means For BTC Gromen linked the issue to the US effort to run the economy hot, weaken the dollar and reshore production. Those forces, he said, should be positive for gold and Bitcoin in a freer market. But they also risk sending an uncomfortable message. “There are elements in the US that don’t want to see that because those things will be communicating to the world, hey, you’re just inflating,” he said. “Hey, you’re just inflating. And that creates some issues on the financing side with the Treasury market.” His base case is not a conventional crash, but a shift in the measuring stick. He expects equities to rise in dollar terms while falling when priced in gold and Bitcoin. In that scenario, hard assets outperform nominal claims, while 10-year Treasury yields remain broadly contained in the 4% to 4.5% area. That is why Gromen does not see any potential suppression of Bitcoin as permanent. Paper markets can delay a move. They can blur the signal. But in his framework, they cannot eliminate the underlying macro pressure. “In the short run, they can manage the optics,” he said. “In the long run, they can’t.” At press time, BTC traded at $60,966. Featured image created with DALL.E, chart from TradingView.com

Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years. Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt &#8230;

Here’s The Dogecoin Perfect Bottom And The Top Target; Analyst

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