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Tony “The Bull” Severino issued a cautious reminder of the cryptocurrency community so that it does not fall into the trap of comparing the current Bitcoin cycle with the historic Bull Run 2017. According to a technical analyst, the critical indicator for a monthly chart paints a completely different picture than the one he has many investors. The Severino warning comes as Bitcoin is still consolidating from 81,000 to USD 84,500, and the shopping trend suggests that this may be supplemented.
The stochastic oscillator claims that bitcoins are no longer in the same phase as 2017
At the base Severino argument He is a stochastic oscillator, a momentum indicator commonly used by technical analysts to analyze whether the cryptocurrency is purchased or sold out in relation to the last price range. After applying to bitcoins During the monthly time, the candlestick oscillator offers a broader view of long -term shoot trends reaching 2013. On the chart made available by Severino, this time includes every immense cycle of a bull and bear, with many repetitive patterns.
His perspectives are a response to market participants who combine a 1-month movement of stochastic Bitcoin oscillator to earlier levels in 2017 As a sign of what they expect on the current market. As you can see in the chart below, the oscillator undergoes the same inheritance trend 2017 from the beginning of 2025. At the time of writing, the oscillator sits about 60 at the same level as it fell during the correction on the bull market 2017.
However, he claims that this level has little to do with the peak of Momentum Bull Run 2017 and is more in line with the beginning of the Bear 2018. At this moment, in the Bitcoin cycle he suffered a stunning inheritance by 49% in one month, from Wick High to Wogn.
Severino suggests that all current similarities to the bull market in 2017 are misleading from stubborn technical points, because the implication is that they lead cryptocurrency is threatened with the introduction of a similar corrective phase or bear.
The price of bitcoins can break
The last Bitcoin price campaign fought for robust influence and buying a momentum. Data in the chain show that many miniature -term owners They stopped their purchasing activity Due to extended consolidation, which does not bode well with stubborn perspectives. In addition, the completed price model says that the ongoing correction It may still have weeks to start.
Nevertheless, Bitcoin managed to maintain and reject a break below USD 80,000 among the last riots that shook the markets. Announcement of the proposed tariffs of US President Donald Trump Rattled marketscausing volatility not only in cryptography, but on the main American stock markets.
When Dow Jones, S&P 500 and Nasdaq withdrew in response, Bitcoin also fell to USD 81,000. However, unlike its capital counterparts, he has been reflected and regained the land above USD 83,000 since then, which can be interpreted as early signs of separation from conventional financial indicators.
It’s really wild – for the first time bitcoin separates in our eyes 🤯 pic.twitter.com/b4g3hwqwbo
– Cory Bates (@Corybates1895) April 4, 2025
At the time of writing, Bitcoin trads $ 83,693.
A distinguished picture from Pexels, chart from TradingView
