$BTC Analysis update: What's Next ?
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BTC Analysis: What's Next?**
As you can see,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.
---
### Looking Ahead
The next major pump could occur around **May**. Let’s see how this unfolds.
**Remember:** Do Your Own Research (DYOR).
BTC Analysis: What's Next?** As you can see,
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.
---
### 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.
---
### 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.
---
### Looking Ahead
The next major pump could occur around **May**. Let’s see how this unfolds.
**Remember:** Do Your Own Research (DYOR).
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