Bitcoin Soars to New Heights as Dogecoin Whales Make Bold Moves

Bitcoin Soars to New Heights as Dogecoin Whales Make Bold Moves

According to prominent analyst Ali Martinez, known for his insightful predictions, Bitcoin (BTC) has the potential to reach $149,679 by July 28, 2025, aligning with the "Accessible Peak" band of the CVDD model. The model suggests Bitcoin's price is currently above the "Accumulated Phase 2" line, around $101,283, indicating a relatively safe zone up to $119,345. Martinez also highlighted that Stellar (XLM) has recently fallen below its 10-day simple moving average (SMA), while Dogecoin whales have been actively accumulating, adding 130 million DOGE to their holdings in the past 24 hours.

Bitcoin’s Potential Peak Based on CVDD Model

The CVDD – Dip and Peak model, derived from CryptoQuant data and analyzed by Martinez, aims to identify market bottoms and tops by tracking the cumulative value-days destroyed by long-term investors. The "Accessible Peak" is currently projected at $149,679, while the "Accumulated Phase 1" and "Accumulated Phase 2" bands are positioned at $62,596 and $101,283, respectively. The sustained presence of bullish signals, maintaining the price above the orange band, suggests a possible upward surge of approximately $40,000 before the market becomes overbought.

Furthermore, a narrowing distance between the bands could trigger increased volatility in Bitcoin. The "Minimum-Maximum BTC" range, starting at $119,345, suggests the potential for the current price, hovering around $70,000, to double. However, a drop below the CVDD boundary could invalidate this medium-term bullish outlook. Analysts advise caution with high leverage and recommend focusing on long-term, value-oriented investment strategies.

Stellar and Dogecoin Face Key Tests

Martinez's analysis of Stellar's performance indicates that the upward trend that began in late June has weakened, as the price has dipped below the 10-day SMA. The recent closing price of around $0.44 signals a loss of short-term momentum. The analyst suggests that if the average line can be re-established as support, the upward momentum could resume. Otherwise, sellers may gain the upper hand, potentially pushing the price down to $0.38.

Regarding Dogecoin, large wallet holders are exhibiting strong accumulation behavior. Citing data from Santiment, Martinez notes that addresses holding between 10 million and 1 billion DOGE have accumulated 130 million DOGE in the last 24 hours. At the current price of $0.23, this accumulation represents approximately $30 million.

Historically, significant whale accumulations in the cryptocurrency market often precede upward price movements in the short term. This trend reinforces optimism in the spot market for altcoins.