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Tony “The Bull” Severino has issued the cryptomemene for warning not to fall into the trap to compare the current Bitcoin cycle with his historical Bull Run 2017. According to the technical analyst, a critical indicator on the monthly map outlines a completely different picture of the moment when many investors hope. The warning from Severino comes as Bitcoin continues to consolidate Between $ 81,000 and $ 84,500, with the purchase trend that suggests that it might be going on.
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Stochastic Oscillator says that Bitcoin is no longer in the same phase as 2017
In the core of Severin’s argument Is the stochastic Oscillator, a momentum indicator that is often used by technical analysts to analyze whether a cryptocurrency overbough is or sold over the recent price range. When applied to Bitcoin On the monthly candy time frame, the Oscillator offers a wider image of long-term momentum trends that extend until 2013. In the graph divided by Severino, this time frame includes every large bull and bear cycle, with many recurring patterns.
His prospects are a reaction to market participants that connect the movement of the 1 -month Bitcoin Stochastian Oscillator to his earlier levels in 2017 As a sign of what they expect in the current market. As can be seen in the graph below, the Oscillator has been undergoing the same falling trend of 2017 since the beginning of 2025. At the time of writing, the Oscillator is approximately 60, the same level that it dropped during the correction in the Bullmarkt 2017.
He argues, however, that this level has little in common with the momentum Peak of the Bull Run 2017 and closes more closely at the start of the Bears market of 2018. During that point in the cycle, Bitcoin suffered a stunning decrease of 49% within a single month, from Wick High to Wick Low.
Severino implies that every current agreements with the Bull market of 2017 are misleading from a Bullish Technical point of view, because the implication is that the leading cryptocurrency is now running the risk of introducing a comparable corrective or bearish phase.
Bitcoin -price can break anyway
Bitcoin has struggled a recent price promotion to receive strong intake and buy Momentum. Data on chains shows that many holders in the short term have stopped their purchase activity Because of the extensive consolidation, which does not predict well for bullish prospects. Moreover, the realized price model says the continuous correction can still have weeks to run.
Nevertheless, Bitcoin has succeeded in holding a break below $ 80,000 and to reject the recent unrest that the markets shook. The announcement of the proposed rates of US President Donald Trump RattleslobesCausing volatility, not only in crypto but on large US stock markets.
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While the Dow Jones, S&P 500 and Nasdaq withdrew in response, Bitcoin also slid to the level of $ 81,000. In contrast to his counterparts, it has since recovered and recovered territory above $ 83,000, which can be interpreted as early signs of disconnection of traditional financial indices.
This is actually wild to see – Bitcoin disconnects just before our eyes 🤯 for the first time pic.twitter.com/B4G3HWQWBO
– Cory Bates (@Corybates1895) April 4, 2025
At the time of writing, Bitcoin acts at $ 83,693.
Featured image of Pexels, Graph of TradingView