An expert warns that investors stop comparing BTC to 2017 moves – Tradingview News

Toni “Bull” Severino has issued warning warning crypt’s community not to fall into the trap of comparing the current Bitcoin cycle with its historical driving 2017. Years. According to the technical analyst, a critical indicator on a monthly graph image is a very different image than the many investors hoping. Warning Severino comes as Bitcoin continues to consolidate between $ 81,000 and $ 84,500, and the purchase trend suggests that it can be overwhelmed.

Stochastic oscillator says Bitcoin no longer in the same phase as 2017

In the center of Severin’s argument is a stochastic oscillator, a swing indicator that technical analysts usually use by whether the cryptocurrency is overpaid or resold compared to a recent price range. When applied to Bitcoin on the monthly time of the spinal, the oscillator offers long-term current trends that extend in 2013, this time frame includes any big cycle of bull and bear cycle.

His view is in response to market participants connecting 1-month bitcoin stochastically oscillatory movement to its past levels in 2017 years as a sign of what they expect in the current market. As can be seen in the chart below, the oscillator was subjected to the same year 2017. Years from the beginning of 2025. Years. At the time of writing, the oscillator is sitting about 60 years, the same level fell to the bull market in 2017. years.

However, he claims that this level has a little common to the largest moment of 2017 Bull and aligns closer to the Bear Market since 2018. years. At that moment, the Bitcoin cycle suffered a stunning 49% decline in one month, from a high-to-low film.

Severino implies that all current similarities on the Bull market 2017. Miscellances from the shift of the technical point of view, because the implication is that the leading cryptocurca is in danger of entering similar corrective or bear.

Bitcoin price can break any way

The recent price of the price has seen Bitcoin would fight to get strong inflows and the purchase of swing. The chain data show that many short-term holders stopped their buying activity due to extended consolidation, which does not portray well for fluctuations. In addition, the realized price model says the current correction can still have weeks to start.

However, Bitcoin managed to hold and reject the break below $ 80,000 in the middle of recent turmoil that shook markets. The announcement of the American President Donald Trump proposed tariffs called markets, causing instability not only in crypto, but also through the main American capital markets.

As the Dow Jones, S & P 500, and Nasaga dragged in response, Bitcoin also slipped according to level of $ 81,000. However, unlike its colleagues in equity, from jumps and rejected and re-received the land above $ 83,000, which can be interpreted as early signs of separation from traditional financial indices.

At the time of writing, Bitcoin trades $ 83,693.

Featured image from Pekel, Graph from Tradingview