bitcoin-usd/”>BITCOIN‘S BIG BUBBLE BURSTS? 🚨
Well, shucks, folks! It looks like the crypto party’s over, and the hangover’s just gettin’ started! Technical expert Tony Severino’s got some bearish news for us: the Bitcoin and altcoins Fischer Transform indicator has flipped bearish for the first time since 2021. And let me tell you, this ain’t no April Fool’s joke! 🤣
Bitcoin And Altcoins Fischer Transform Indicator Turns Bearish
Severino’s been diggin’ through the numbers, and it seems that the total crypto market cap 12-week Fisher Transform has gone from “hold my beer” to “hold my wallet.” This indicator’s only flipped bearish once before, back in January 2018, and if history repeats itself, we’re lookin’ at a 66% or 82% drop in the crypto market. Yikes! 🚨
And if that wasn’t enough, Severino’s also got some bad news for Bitcoin fans: the 12-week Fischer Transform has gone bearish on the flagship crypto. This indicator’s like a Gaussian normal distribution, smoothin’ out price data like a fine Southern gentleman sippin’ sweet tea. And it’s tellin’ us that Bitcoin’s topped out, folks! 🤯
Now, Severino’s been warnin’ us about a Bitcoin top for a while now, and it looks like his crystal ball’s finally cracked. He’s talkin’ about a massive crash, with BTC droppin’ to as low as $22,000. And let me tell you, that’s a whole lotta zeros! 😱
A Different Perspective For BTC
But wait, there’s more! Crypto analyst Kevin Capital’s got a different take on things. He’s sayin’ that Bitcoin’s just in a correctional phase, and it’ll be over soon. But the question is, will it be a strong bounce or a lackluster lower high followed by a bear market? Only time’ll tell, folks! 🕰️
And if you’re wonderin’ what’s behind all this price action, Kevin’s got some ideas. He’s talkin’ about money flow, macro fundamentals, and overall spot volume. And let’s not forget about Donald Trump’s reciprocal tariffs, which are gonna be announced tomorrow. Who knew politics could affect crypto prices? 🤷♂️
At the time of writin’, the Bitcoin price is tradin’ at around $83,000, up around 1% in the last 24 hours, according to CoinMarketCap. But don’t get too excited, folks! This bearish news might just be the start of a long, hard fall! 😳
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2025-04-01 18:41