Bitcoin is currently trading at $109,000 after breaking through the previous all-time high of nearly $111,000. As prices fluctuate near that critical level, the chart shared by DimaPotts36 on X shows that each time Bitcoin closes the weekly candle at a new all-time high, it has triggered a strong bullish trend for Dogecoin.
The chart shared by DimaPotts36 presents three major Bitcoin price cycles: 2017, 2020, and currently 2025. In each previous cycle, when Bitcoin closed the week at a higher price than its previous all-time high, Dogecoin not only followed but also surged.
In March 2017, Dogecoin surged about 94 times in the weeks following Bitcoin reaching a new high. Then, in December 2020, it skyrocketed an unbelievable 190 times after a similar breakout by Bitcoin.
Now, the same setup is appearing. Bitcoin is on the verge of closing another weekly candle above its previous high. If this occurs as before, the price of Dogecoin could be on the brink of another supercycle. According to visual analysis, an assumed move of 3,441% is being tracked, which would put the price of DOGE above $10 per coin.
Things to Note About Dogecoin's Price This Week
The entire analysis revolves around one single point: Bitcoin must confirm a weekly close above its old all-time high. Without that, the pattern remains uncompleted. But if it closes strong, it could signal that the altcoin rotation is ready to begin. Historically, that is when DOGE shines.
DimaPotts36 emphasizes this moment. The analyst writes that Dogecoin not only rises after these signals but also gets launched. With the price of DOGE currently trading much lower than its all-time high, this could be a rare opportunity for crypto traders to get ahead of another major rally.
The next weekly candle close could be a make-or-break moment. And if Bitcoin breaks out convincingly, history shows that Dogecoin could be the next coin to take all the attention.