The analyst opined that this could mark the final cycle top. What Happens As BTC Consolidates As the Bitcoin price consolidates from around Christmas to Donald Trump’s inauguration, Charting Guy believes that altcoins will go "absolutely insane.” The analyst also predicts that these altcoins will witness another parabolic rally roughly one month after Bitcoin tops in late March. Related Reading: Ethereum Price Crash Incoming?
Bitcoin looks to already be on its way to this price target, having recently hit a new ATH at $108,000. Related Reading: Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend Charting Guy also predicted that the Bitcoin price would tap the resistance on the daily Relative Strength Index (RSI), forming a triple bearish divergence, marking a slight local top for the flagship crypto.
The analyst drew similarities between the current price and that of 2023 while revealing what could happen next for the flagship crypto. What Next As Bitcoin Price Mirrors 2023 Move In an X post, Charting Guy revealed that the Bitcoin price is still following 2023.
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