DOGE Ready to Hit $20 Milestone? Bitcoin Halving Cycle Reveals 300x Price Surge

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 that reflect the patterns of previous halving cycles. Upon closer examination of the Relative Strength Index (RSI), DOGE may be in between significant stages, often referred to as Step 2 and Step 3 in cyclical behavior. Historical and current RSI patterns According to Master Kenobi's chart, in the last halving cycle, RSI remained above the moving average (MA) for 84 days before dropping below it briefly. This period occurred before a significant price increase, marking the transition to Step 3.

Recent data shows that RSI has also spent 84 days above MA before dropping below at a similar level. This correlation with past behavior adds weight to current observations. Price action trend and consolidation phase When considering price action, DOGE underwent a two-week decline versus BTC, followed by consolidation sideways. This pattern reflects historical behavior, where the time 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 time 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 sets the next important peak for DOGE-BTC around January 20, 2025. The forecast is based solely on time analysis and does not take into account the potential value of DOGE at that stage. DOGE 2024 Bull Run targets $20+ with a 300x increase Further research by analysts indicates that the performance of DOGE is continuously increasing and the price seems to be in the process of creating another strong price surge, leading to its trading value increasing by over $20. Javon Marks' chart shows that the 2017 cycle recorded a significant increase, reaching a 93-fold increase in value. In 2021, the price cycle generated a notable increase of 300 times. The forecast for 2024 outlines a potential increase of over 300 times, indicating a strong upward trend. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)