Expert Warns Against Comparing Bitcoin’s Current Cycle to 2017

Tony Severino advises caution against comparing Bitcoin's current cycle to its 2017 bull run. He highlights that a key indicator, the stochastic oscillator, shows different market conditions. Currently, Bitcoin is consolidating between $81,000 and $84,500, with potential signs of topping out.

Stochastic Oscillator Indicates Divergence

Severino uses the stochastic oscillator to analyze Bitcoin's momentum since 2013.
Current readings around 60 resemble levels seen during the 2018 bear market, not the 2017 bull run.
This suggests Bitcoin may be entering a corrective phase similar to 2018.

Market Dynamics and Price Action

Bitcoin faces weak inflows and buying momentum; short-term holders have reduced buying activity.
The ongoing price correction may last several more weeks based on realized price models.
Bitcoin has rebounded above $83,000 after briefly dropping below $81,000 amidst broader market volatility.
This rebound may indicate an early decoupling from traditional financial markets.

This is actually wild to see— for the first time, Bitcoin is decoupling right before our eyes pic.twitter.com/b4G3HWqWBo

— Cory Bates (@corybates1895) April 4, 2025

Bitcoin is currently trading at $83,693.