In the great masquerade known as BTC, the charade continues: our beloved asset sprints giddily beyond $103,500, as speculators rub their hands together like greedy theatre critics eyeing an opening night disaster. Is this the overture for another spectacular collapse, or merely a rehearsal for market immortality?
The Pattern: RSI’s Broken Compass and Comedy of Highs
On the chart, note the comedic sequence—2014, 2018, 2021, and now… behold! 2025. Four acts where the RSI (14-month) performs its classic tragicomic role: a higher high for price, but a lower high for RSI. Classic bearish divergence. Every time, the curtain falls to groans and boos from burned investors:
- 2014: RSI’s melancholy divergence paves the road to bearish oblivion.
- 2018: The macro top—featuring RSI, the reluctant soothsayer.
- 2021: Another spot of RSI mischief, cue the multi-month descent! Applause for the bears.
- 2025: RSI pirouettes near 69 as price pirouettes to fresh highs. One almost expects a ghost to appear and utter, “Beware!”
And lo, a large finger emoji in the chart gestures, “Look here, fools!” A Shakespearean aside—if Shakespeare were into crypto and used emojis.
Price Outlook: Place Your Bets, Comrades
Gaze upon those upper boxes—relics of exuberance—previous cycles gifted us returns of 1,650% (because who wouldn’t want to buy in 2013?). 348% for the late bloomers. In 2025, BTC now flirts again with resistance just above $100K. All the traders watch, monocles trembling: will this RSI tease send us tumbling—again—or will the old pattern break, unleashing a wild dash above $150K, maybe $200K? Such prospects make even the most stoic accountant’s mustache quiver.
Why It Matters: Spoiler—It Might Not
Technical patterns, like ancient prophecies and fortune tellers on Arbat Street, do not guarantee reversals. They merely wave little yellow flags and giggle as everyone ignores them. But with RSI tiptoeing near overbought, the specter of another “historic top” grows. Risk management, eh? That’s for heroes and those with enough rubles left to afford breakfast.
Should the pattern persist, gird yourself for a heroic correction or—at least—a dramatic pause before intermission. Bring popcorn, and possibly smelling salts.
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2025-05-11 14:13