Bitcoin RSI: History Repeats? 🚨

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Lo! Behold the crypto analyst, a man of keen eyes and trembling hands, who upon gazing into the abyss of long-term charts from the years 2012 to 2015, beheld a most curious sight: the current Bitcoin cycle, with its Relative Strength Index (RSI) and price antics, bore an uncanny resemblance to that ancient epoch. Ah, the 2017-2015 bull run, a time of mighty multi-year advances, which ended in a most unceremonious bottoming out. The market expert, with a voice like a creaking door, declares that the same sequence of peaks and pullbacks, so familiar in that era, now unfolds again, like a tragicomedy of yore.

Bitcoin RSI Comparison Signals Bottoming Structure

Lo, the latest momentum study by the crypto analyst Tony Severino has stirred the hearts of market watchers, as he posted on X on December 6, declaring the surprising similarities between the RSI trends and price movements of the 2023-2026 cycle and those of 2012 to 2015. His comparison, a labyrinth of timing, focuses on the moments when a price bottom began to form, the first peak, a subsequent momentum peak, and finally, a Bearish Divergence, which, like a cunning fox, foreshadows deeper corrective phases.

Severino, with a chart in hand, showed that Bitcoin’s RSI had climbed gradually, with short bursts of upward momentum, like a drunkard’s stagger. Eventually, the momentum faded, and the indicator declined for an age, settling in a mid-range zone at the 44 level. A tale as old as time, yet ever so thrilling.

In the current cycle, which began in 2023, the RSI climbed sharply, reaching a notable peak, then gradually declined, now sitting at 38-a level akin to the mid-range values of the former cycle. A sign, perhaps, that Bitcoin is preparing to rise again, like a phoenix from the ashes, or a fool from the betting table.

Severino, with a twinkle in his eye, shared a second chart, showing Bitcoin’s price action relative to its RSI performance. In the earlier cycle, the price was around $233.54, while in the recent cycle, it has plummeted to $89,352. The analyst, with a knowing smirk, argues that the alignment strengthens his theory that Bitcoin may soon hit a meaningful bottom. A bottom, that is, before it plunges again, of course.

Severino also suggested that if history repeats, traders might witness the early stages of a year-long accumulation phase, much like a decade ago. Yet, he cautioned, as all wise men do, that there is no guarantee the current cycle will mirror past patterns. A warning as useful as a chocolate teapot.

Analyst Flags New BTC Bullish Crossover

Behold, the crypto analyst AO, with a more optimistic outlook, heralds the formation of a Bullish Crossover-a key technical signal that, like a well-timed joke, has historically preceded significant price surges. According to him, each time the Stochastic RSI on US10Y*CN10Y experiences a Bullish Crossover, Bitcoin enters a bull run, as inevitable as the sunrise-or the crash of a cryptocurrency.

AO, with a chart in hand, showcased four previous Bullish Crossovers, each followed by a massive price increase. The first, in 2013, marked an early surge; the second, in 2017, the start of a multi-month bull run; the third, in late 2020, before BTC’s record-breaking run in 2021. The most recent signal, however, has not emerged in 2025, suggesting the potential for a similar upward move. A hopeful note, though one might wonder if the market is merely indulging in wishful thinking.

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2025-12-09 01:18