Bitcoin’s Next Bullish Wave Could Take 200–300 Days To Kick Off — Here’s Why
Bitcoin Takes a Breather
Alright folks, buckle up! Bitcoin, the superstar of cryptocurrencies, seems to have hit the pause button. After showing off its strength by hitting the impressive $90,000 mark last week, it’s now cooling down like a hot espresso left in the sun. So, what does this mean? Spoiler alert: It’s not all sunshine and rainbows in crypto-land.
A Peek into the Crystal Ball
Our buddy, Axel Adler Jr., made a splash on the social media scene, dropping his two cents about Bitcoin’s future. He believes the crypto king may be entering a phase where it risks dragging its feet for a while. Yikes! According to Axel, Bitcoin’s been on a bit of a chill since March 2024, and he’s using some fancy-pants analysis to back it up. Who knew chart numbers could sound so dramatic?
The RSI Saga
Now, let’s chat about the RSI, or Relative Strength Index, which sounds way more complicated than it really is. This little metric measures how fast and far Bitcoin’s price bumps around. Well, according to our dancing digits, the RSI has dropped from the heights of excitement down to a chill 60%. That decline could mean trouble, folks. Historically, this has led to a rocky road ahead for Bitcoin’s price.
Flashbacks to the Past
Taking a stroll down memory lane, Adler noted that whenever the RSI takes a dip, Bitcoin appears to take its sweet time to rally back up; we’re talking 200 to 300 days. That means we might be staring at a timeline for the next big wave of Bitcoin enthusiasm somewhere between June and October 2026. Mark your calendars, because if you’re holding your breath for a speedy comeback, you might just turn blue.
Whale Watching
Switching gears, let’s talk whales. No, not the ones diving in oceans but the crypto whizzes with bags brimming with Bitcoin. Joao Wedson, our on-chain oracle, thinks these big players are closing up their long positions or adjusting their shorts. And folks, when the whales are hesitant, it usually means we’re in for some sideways action – think of it as Bitcoin doing the cha-cha, but not really moving anywhere. Remember March to April 2025? Yeah, we might be in for a rerun!
The Bearish Vibes
Wedson also dropped a bombshell saying that some bearish folks are probably angling to drop Bitcoin’s price to around $80,000 before going on a shopping spree. Cheers to them! With all this falling momentum and whales sitting on the sidelines, the outlook for Bitcoin is looking a bit grumpy. So grab your popcorn, because this movie is just getting started.
The Current Scene
As we stand today, Bitcoin is chilling around the $90,979 mark, mellowing out with no major changes for the past 24 hours. But here’s the kicker: it’s still up about 7% for the week! Not too shabby, right? We will have to wait and see where this roller coaster takes us next.