Bitcoin (BTCUS) is having in the past 2 weeks the technical correction is should based on the previous Bull Cycle. As you can see, since the U.S. elections it has rallied aggressively past its previous All Time High (ATH), same way it did in December 2020.
Bitcoin and Doge during 2020
At the same time, the alt coin market was mostly consolidating in preparation of a bullish break-out. A representative example of such behavior would be Dogecoin (DOGEUSD) as seen in orange on this chart, which during BTC's December 2020 rally, it was consolidating/ pulling-back (green circle) from an initial rally. However it remained significantly below its previous ATH, the same way it is now.
The DXY decline sparking crypto rallies
Notice the U.S. Dollar Index (DXY), displayed by the green trend-line on this chart. Right now it is has been rallying in the past three months, at the same time as Bitcoin has. In the previous Cycle in 2020, it hit a top during the COVID March 2020 market crash and with the smashing of the Interest Rates, it started a Channel Down decline that backed perfectly Bitcoin's rally. We has the exact same DXY-backed rally during Bitcoin's 2017 Bull Cycle.
As a result, we are seeing a paradox on the current Cycle: BTC entering its most aggressive phase (Parabolic Rally) of the Bull Cycle and rallying despite DXY rising. That is attributed of course to a large extent to the huge ETF inflows (something that wasn't present in 2020).
Overdue DXY decline?
This leads us to believe that an overdue decline on the DXY, just as the Fed has initiated a new cut Cycle (as they did during the COVID crash), will push Bitcoin and especially the alts market, including Doge, to a new rally. Of course DXY's decline may not be as aggressive this time, as the stimulus shouldn't be that high (especially with Powell's recent remarks on a 2 rate cut expectation in 2025 instead of the previous projection of 4), but it could be enough to spark the final BTC rally of the Bull Cycle and the much anticipated Altseason.
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At the time of writing, Shiba Inu$SHIB
is trading at $0.00002238, up 20% from lows of $0.00001853 on Friday. Still, the asset remains down 17% in the past seven days and about 50% from its local highs of $0.00003343.

In an X post on Monday, December 23, Rose Premium #signals highlighted that the meme coin’s price has been forming a possible ascending channel on its daily candle chart since late September 2024.

According to the analysis, key support is currently within the $0.00001939 and $0.00002139 price range, which aligns with the 0.618 and 0.786 Fibonacci retracement levels.

The Rose Premium signal suggested that a good bounce could see Shiba Inu surge to targets of $0.00002715, $0.00003083, and eventually $0.00003511, representing a 21%, 38%, and 57% surge, respectively, from current prices. Still, the analysis warns of resistance at the $0.00003083 and $0.00003511 targets.
#MarketRebound

First let's start this post by wishing Merry Christmas to the whole community!
It's yet again the total crypto market cap (excluding the top 10 tokens) that we are looking at as this time we have the strongest possible buy signal on the 1M chart! The 1M MA20 (blue trend-line) has completed a cross above the 1M MA50 (orange trend-line). The last time this happened was during the previous Bull Cycle on the most symmetric time possible, December 2020. In the meantime, the 1M CCI was almost at the same level (around 180.00).
This sense of highly cyclical repetition, indicates that the following months could be as aggressive as January - May 2021 for the market, when it topped on the 1.618 Fibonacci extension from the Cycle bottom. If that feat is repeated, we look towards a 1.65 Trillion market cap in 2025. We can't be more bullish for an upcoming Altseason than that!
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#Altseason #Alts #altcoins #signals #Altcoins👀🚀