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As volatility increases in cryptocurrency markets, experts have come together to claim that Bitcoin presents a historic accumulation opportunity. According to analysts, technical indicators and institutional moves suggest that a “moment of decision” is approaching for investors.
Prominent figures in the cryptocurrency world, Scott Melker, Andrew Parish, and Tillman Holloway, examined Bitcoin’s current price movements and the future of the market in their latest publication. The most striking claim made in the publication is that Bitcoin has only 150 to 250 days left to maintain these levels.
The program highlighted that Bitcoin’s Relative Strength Index (RSI) on weekly charts has approached the “oversold” zone for only the fifth time in history. Analyzing past data, it was noted that this signal is usually followed by a consolidation period of 150 to 250 days, after which sharp price increases occur. Experts commented, “If history repeats itself, we have approximately 150 days to accumulate Bitcoin at these levels; after that, these prices may not be seen again.”
Tillman Holloway stated that the key difference between this cycle and previous years is the “Wall Street” involvement. He explained that the balance of supply, which was previously controlled by miners and exchanges, has now shifted to ETFs (Exchange Traded Funds) and options products offered by giants like BlackRock.
According to Holloway, sharp market downturns are actually opportunities to clear leveraged trades, and institutional “smart money” continues to buy during these turbulent times.
Andrew Parish argued that the perspective on Bitcoin needs to change. He described buying Bitcoin not as an “investment” but as a “savings account” against the devaluation of cash, and suggested that businesses saving a portion of their profits in Bitcoin would provide significant purchasing power in the future.
Despite the pessimistic sentiment in the market, experts remain quite optimistic about their long-term goals. The broadcast included predictions that Bitcoin could reach between $600,000 and $1,000,000 by 2029, approaching half the market value of gold.
*This is not investment advice.