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Tony “The Bull” Severino has issued a warning reminder to the cryptographic community of not falling into the trap of comparing Bitcoin’s current cycle with its historic 2017 bull race. According to the technical analyst, a critical indicator in the monthly table paints a very different image than many investors expect. Severino’s warning comes as Bitcoin continues to consolidate Between $ 81,000 and $ 84,500, with the purchase trend suggesting that it could be exceeding.
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The stochastic oscillator says that Bitcoin is no longer in the same phase as 2017
In the center of Severino argument It is the stochastic oscillator, an impulse indicator commonly used by technical analysts to analyze whether a cryptocurrency is overwhest or overene in relation to its recent price range. When applied to Bitcoin Within the monthly period of the candlestick, the oscillator offers a broader vision of long -term impulse trends that date back to 2013. In the table shared by Severino, this time frame includes all the main bull and bear cycle, with many recurring patterns.
His perspective is in response to market participants who link the movement of the 1 month bitcoin stochastic oscillator At its previous levels in 2017 as a sign of what they expect in the current market. As seen in the table below, the oscillator has submitted to the same descending trend of 2017 since the beginning of 2025. At the time of writing, the oscillator is sitting around 60, the same level to which it fell during the correction in the 2017 upward market.
However, he argues that this level has little in common with the Momentum Peak of Bull Run 2017 and aligns more closely with the beginning of the 2018 Bear Market. During that point of the cycle, Bitcoin suffered an amazing 49% drop in a single month, from the fuse to the low fuse.
Severino implies that any current similarities with the 2017 upward market is misleading from a bullish technical point of view, since the involvement is that the leading cryptocurrency is at risk of entering a similar corrective or bassist phase now.
Bitcoin’s price can be broken in any way
The recent price action has seen Bitcoin struggling to receive strong tickets and the purchase impulse. The data in the chain show that many short -term holders They have stopped their purchase activity Due to the extended consolidation, which is not a good omen for the upward perspectives. In addition, the price model says the current correction You can still have weeks to run.
However, Bitcoin has managed to maintain and reject a break below $ 80,000 amid the recent agitation that shook the markets. The announcement of the rates proposed by US President Donald Trump shaken marketscausing volatility not only in cryptography but in the main capital markets of the United States.
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As Dow Jones, S&P 500 and Nasdaq backed up in response, Bitcoin also fell towards the level of $ 81,000. However, unlike its capital counterparts, since then it has recovered and recovered land above $ 83,000, which can be interpreted as early signs of decoupling of traditional financial indices.
This is really wild to see, for the first time, Bitcoin is decoupling right before our eyes 🤯 pic.twitter.com/b4g3hwqwbo
– Cory Bates (@CoryBates1895) April 4, 2025
At the time of writing, Bitcoin is quoted at $ 83,693.
Outstanding image of Pexels, TrainingView graphics
