Crypto Analyst Predicts $61K Bitcoin, DOGE to Rally As Ferrari Adopts Meme Coin

• A crypto analyst identified as CryptoGuru predicts a BTC to hit $61,000.
• According to CryptoGuru, several chart formations support an imminent breakout for BTC ahead of a significant upward rally.
• The analyst noted that Ferrari announced it would start accepting DOGE for payments

Self-styled cryptocurrency analyst James CryptoGuru has predicted a $61,000 target for Bitcoin soon. In a recent post on X, the vibrant analyst displayed various chart setups and a combination of indicators to show that the flagship crypto is aiming for higher prices.

CryptoGuru’s initial observation is the growing volume across the daily candles on the BTC/USD chart. The analyst spotted a hammer candle that formed two days ago, confirming it as a significant bullish signal. By scaling down to the 4-hour chart, the technical analyst showed that Bitcoin faces resistance around $52,000. Hence, it is making a sideways movement and generating another bullish signal in the form of a bull flag.

Notably, CryptoGuru extracted his Bitcoin…

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