Post
Topic
Board Trading Discussion
Re: Is this time different?
by
Ahli38
on 16/06/2025, 11:46:57 UTC
I read a blogpost last week stating that Bitcoin chart isn't bearish.

Although the Bitcoin chart appears like it's a double top formation on the high timeframe.

This was the formation it had before the breakdown in 2021.

I am just wondering if this time is different.

Are institutions and Government demands on Bitcoin able to save the chart this time?

Do let me know your thoughts.
Technically, I still see Bitcoin as still in a bullish moment. Even if we look at several indicators such as RSI, MA and MACD, we can still see that Bitcoin can still be expected to remain bullish. But I haven't checked for large timeframes. But I'm pretty sure we're still on a bullish track. Small corrections can still occur and that is normal.

And so fundamentally, I see that Bitcoin is still strong. I still don't see any factors that could make Bitcoin fall at this time. but we also have to be alert to news related to bad economics, war and regulations and so on which usually have an impact that can even undermine technical analysis and reverse trends.

But as long as we hold it for the long term I don't think there's much to worry about. But for short-term holders, they still have to monitor regularly all factors that can influence the market.