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Tony “Taur” Severino issued a warning to the encryption community not to fall into the trap of comparing the current Bitcoin session through the 2017 historic bull race. According to the technical analyst, a decisive indicator of the monthly graph draws a completely different image of someone who hopes many investors. Severino warning comes Bitcoin continues to integrate Between 81,000 dollars and 84,500 dollars, with the direction of purchase, indicating that it may be led.
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Stochastic oscillator says Bitcoin is no longer at the same stage as 2017
At the core Severino argument It is the oscillator, and it is an indicator of momentum common by technical analysts to analyze whether the coded currency is at a peak or an increase in work in relation to the last price range. When applied to bitcoin On the monthly monthly time frame, the oscillator provides a broader view of the long -term momentum that extends until 2013. In the graph that Severino shares, this time frame includes each bull cycle and major bear, with many repeated patterns.
His view is in response to the market participants who link the Bitcoin Stochastic movement for one month To its previous levels in 2017 As a sign of what they expect in the current market. As shown in the graph below, the oscillator has undergone the same lower direction for the year 2017 since the beginning of 2025. At the time of writing this report, the oscillator was sitting about 60 years, the same level as it fell during the correction in the 2017 bull market.
However, he argues that this level does not participate in the summit of the Bull Run summit for the year 2017 and corresponds to a closer way with the start of the 2018 bear market. During that point of the tournament, Bitcoin suffered from an amazing decrease of 49 % within one month, from the wick to the low wick.
Severino notes that any current similarities with the Taurus 2017 market are affected by the upper technical point of view, because the implicit meaning is that the leading cryptocurrency is at risk of entering a similar corrective or declining stage now.
Bitcoin can break both in both cases
The procedures at the last prices have witnessed that Bitcoin is struggling to receive strong flows and buy momentum. Data shows on the series that many of many short -term holders Stop their purchase activity Because of the extended monotheism, which does not preach goodness for upward prospects. Moreover, the price of the price is continuous correction. Perhaps he still has weeks of running.
However, Bitcoin managed to retain a comfort less than $ 80,000 amid the recent disturbances that shook the markets. Announcing the proposed definitions of US President Donald Trump The defeated marketsThis causes fluctuations not only in encryption but through the main American stock markets.
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When Dow Jones, S&P 500 and NASDAQ fell in response, Bitcoin also fell to a level of $ 81,000. However, unlike its stock counterparts, it has since recovered and more than $ 83,000, which can be explained as early signs of separating traditional financial indicators.
This is really brutal to see – for the first time, bitcoin is separated directly in front of our eyes 🤯 pic.twitter.com/b4g3hwqwbo
– Corrie Bates (@corebates1895) April 4, 2025
At the time of this report, Bitcoin is traded at $ 83,693.
Distinctive photo of Pexels, tradingView graph
