The performance of DOGE compared to BTC is attracting attention 254 days after the most recent Bitcoin halving. Observations from the weekly DOGE-BTC chart show patterns reflecting those of previous halving cycles. Further examining the Relative Strength Index (RSI), DOGE may be in the middle of key stages, often referred to as Step 2 and Step 3 in cyclical behavior.

Historical RSI patterns and current developments

According to Master Kenobi's chart, during the last halving cycle, the RSI remained above the moving average (MA) for 84 days before briefly dropping below. This period occurred prior to a significant price surge, marking the transition to Step 3.

Recent data shows that the RSI also spent 84 days above the MA before dropping below at a similar level. This correlation with past behavior adds weight to current observations.

When considering price action, DOGE experienced a two-week downtrend compared to BTC, followed by horizontal consolidation. This pattern reflects historical behavior, where the period between local peaks and the next peak is 77 days. Applying this framework to the current cycle, the same time frame has been identified as a key timeline for potential movement.

Based on these periodic models, the consolidation process is expected to last about 77 days from the most recent local peak. This timeline places the next important peak for DOGE-BTC around January 20, 2025. The forecast is based solely on temporal analysis without considering DOGE's potential value at that stage.

DOGE 2024 Bull Run targets $20+ with a 300x increase

Further research by analysts indicates that the performance of DOGE continues to rise and the price seems to be in the process of creating another strong bullish wave, leading to its trading value increasing by more than $20.

Javon Marks' chart shows that the 2017 cycle recorded a significant upward move, achieving a value increase of 93 times. In 2021, the bullish cycle generated a remarkable price increase of 300 times. The 2024 forecast outlines a potential increase exceeding 300 times, indicating a strong upward trend continuing.

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