$BTC Analysis update: What's Next ?
2024-11-25

** CRYPTOCAP:BTC  Analysis: What's Next?**   

As you can see,  CRYPTOCAP:BTC  has completed its previous consolidation phase, which lasted six months. The recent *Trump election pump* coincided with the end of that phase, leading to a new, massive parabolic rally.  

However, signs are emerging that the market is overheating:  
- **RSI**: Indicates overbought conditions, suggesting a correction is due.  
- **MACD**: Overheated and also signaling an impending correction.  

On a **weekly timeframe**, history tells us that similar situations have resulted in sideways movement for about six months, with a 30–40% downside, before the next major rally begins.  

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 ### Will This Trigger an Altseason?   
Most likely, yes. During these cooling-off periods, investors often turn their attention to altcoins, which tend to be more active and engaging during such times.  

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 ### MACD Insights   
By counting the bars on the MACD, it looks like we might have **two more weeks of upward movement** before an EMA crossover signals the start of consolidation.  

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 ### Looking Ahead   
The next major pump could occur around **May**. Let’s see how this unfolds.  

**Remember:** Do Your Own Research (DYOR).