Bitcoin price prediction experts are closely watching as Bitcoin tests the $85,000 level right now, and it’s potentially heading toward the $100K mark this week. At the time of writing, many investors and traders are wondering if popular meme coins such as Dogecoin and Shiba Inu will also follow this crypto surge. The current cryptocurrency market trends seem to show that investors are actually favoring Bitcoin’s relative stability amid the increased market volatility we’re seeing.

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How Bitcoin’s $100K Milestone Could Trigger Dogecoin & Shiba Inu Price Rallies

Bitcoin domino chart
Source: Watcher Guru

The meme coin market has experienced a notable 4.8% downturn on Monday, with the total market cap dropping to around $49.25 billion as capital appears to be shifting toward Bitcoin dominance ahead of a potential breakthrough.

Chart showing top meme coins by market cap with Dogecoin, Shiba Inu, and others listed with their current prices and 24-hour changes
Source: CoinGecko

Meme Coin Market Retreats as Bitcoin Strengthens

Dogecoin price chart showing recent consolidation around the $0.16 level
Source: TradingView

Dogecoin is currently trading at approximately $0.1589, which is down about 2.1% over the last 24 hours, even though it has posted an 8.5% weekly gain. Meanwhile, Shiba Inu has actually shown better stability with only a slight 0.3% decline, and it continues to maintain its position as the second-largest meme coin by market cap.

Also Read: Dogecoin: Is It Time To Buy, Hold or Sell DOGE?

Tech Analysis Shows Some Key Breakout Levels

The latest Bitcoin price prediction models suggest there are specific targets for both Dogecoin and Shiba Inu if BTC manages to break through the $100K psychological barrier. For DOGE, there’s an ongoing consolidation around the $0.1600 level that seems to find immediate support near the VWAP at $0.15936.

Also, the latest technical analysis data says the following:

“The lower boundary of the Keltner Channel at $0.14369 remains a key support zone, while the upper bound near $0.17777 forms the next bullish target should momentum reaccelerate.”

If there’s a Bitcoin price surge past the $100K mark, which could happen any day now, it could also potentially push Dogecoin above the value of $0.1650, and possibly even open up a path toward $0.1950 in the near term. This applies especially if we see the renewed enthusiasm for meme coins in the market, which tends to follow major Bitcoin milestones.

Shiba Inu Meets The Dynamics of Fartcoin – Sparks to Jump?

Shiba Inu price chart displaying MACD indicator and support/resistance levels
TradingView

Shiba Inu’s price is currently holding steady at around $0.000012, which is just below a critical resistance zone. The latest cryptocurrency market trends and indicators suggest that a decisive move above this level could potentially target the March high of $0.000016.

In the meantime, Fartcoin has surged by about 15% as other meme coins have also declined as we speak. It’s now trading at approximately $0.93 in value, with a market cap of around $924 million, and it has become one of the top-trending meme assets by search volume in recent days.

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While the overall meme coin market that has temporarily lost some momentum lately, and as Bitcoin continues to dominate investor attention, a successful Bitcoin price prediction of reaching $100K could quickly reignite interest in Dogecoin, Shiba Inu, and also the broader altcoin space in the coming days or weeks.