With the good news for bitcoin (I think it will go up next days/weeks) dogecoin could be affected, so maybe downtrend for next days/weeks?
I'm holding my doges anyway, whatever happens
This is true and something people who got into cryptos with dogecoin might not be aware of:
When bitcoin rises, alt coins tend to fall. This is because alts are priced against BTC, meaning that the alts aren't actually losing value, but if bitcoin spikes in price quickly, the alt's relative value (and the price it can be traded at) goes down. In other words, if you think that bitcoin is going to rise soon, it's smart practice to hedge by keeping part of your portfolio in bitcoin.
The reverse is also true to a point. When bitcoin is on a slow downtrend or bouncing around relatively stable, like it has for January, alt coins tend to go up in price. Again, it's not so much that the alt is gaining value (although it certainly could be on top of this), but rather that bitcoin is becoming less valuable relative to the alt coin, so you can buy fewer of the alt per unit of BTC.
This is one way (among several) that crypto markets different from more traditional markets: in crypto you are pretty much always at the mercy of whatever bitcoin is doing, as well as whatever your alts are doing.
