Bitcoin Price 1-Month Stochastic: Expert Warns Investors To Stop Comparing BTC To 2017 Moves

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Stochastic Oscillator Says Bitcoin No Longer In Same Phase As 2017 At the core of Severino’s argument is the stochastic oscillator, a momentum indicator commonly used by technical analysts to analyze whether a cryptocurrency is overbought or oversold relative to its recent price range.

At the time of writing, the oscillator is sitting around 60, the same level it fell to during the correction in the 2017 bull market.  However, he argues that this level has little in common with the 2017 bull run’s momentum peak and aligns more closely with the beginning of the 2018 bear market.

Severino implies that any current similarities to the 2017 bull market are misleading from a bullish technical standpoint, as the implication is that the leading cryptocurrency is at risk of entering a similar corrective or bearish phase now.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btcusd Technical analysis Btc Bitcoin Bitcoin Bitcoin price Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 20:00:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 27606471

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