Bitcoin’s Bull Run: A Slow Cooker, Not a Microwave 🐢💸

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Bitcoin’s recent price spike? Oh, it’s just a charming little blip, like a toddler’s tantrum in a room full of adults. Sure, it flirted with $90k, but now it’s back to its old game of “I’ll just sit here in a bearish time-out, thank you very much.” 🐻❄️

BTC Momentum: Slower Than a Snail on a Slippery Slope 🐌

On Nov 29, analyst Axel Adler Jr. casually dropped a truth bomb on X: Bitcoin might be entering a “prolonged correction” zone. Because nothing says “confidence” like a 200-300 day wait for the next bull run. Who needs excitement when you can have anticipation? 🤷♂️

Since March 2024, BTC’s momentum has been cooling off like a lukewarm cup of tea. The monthly RSI, that fancy indicator that measures “speed and magnitude,” has plummeted from “overheated” to “meh.” From March 2024 to now, it’s gone from “I’m on fire!” to “I’m just here for the ambiance.” 🔥➡️😐

CryptoQuant’s data? It’s basically Bitcoin’s therapy notes. The RSI dropped to 60%, and history suggests this could spell doom. Because nothing says “bullish future” like a chart that looks like a deflated balloon. 🎈💥

Adler Jr. added that Bitcoin took 200-300 days to start its next bull run after similar RSI declines. So, if we’re lucky, we’ll see a bottom between June and October 2026. That’s like waiting for a pizza delivery in the Stone Age. 🍕⏳

Whales: The Ocean’s Most Boring Fish 🐳😴

Alphractal’s Joao Wedson has a very exciting update: Bitcoin whales are either closing longs or playing with shorts. Retail investors? Still stuck in “buy the dip” limbo. Because nothing says “market confidence” like whales whispering, “Maybe we should just… nap?” 😴

Wedson also noted that bears are probably eyeing $80k like it’s a sale item at the end of the aisle. Meanwhile, the market leader is up 7% this week-because of course it is, while we all wait for the next shoe to drop. 🥁

And here’s the kicker: BTC’s currently at $90,979, doing that “no significant changes” thing. It’s like watching grass grow, but with more charts and fewer lawnmowers. 📊🌱

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2025-11-30 22:54