With the increase in volatility, experts have come together to assert that Bitcoin represents a historic accumulation opportunity. According to analysts, technical indicators and institutional movements suggest that a "decision moment" is approaching for investors.
Notable figures in the cryptocurrency world, Scott Melker, Andrew Parish, and Tillman Holloway, have examined the current price movements of Bitcoin and the future of the market in their recent broadcast. The most surprising statement highlighted in the broadcast is that Bitcoin has only 150-250 days left to remain at these levels.
The program highlighted that the relative strength index (RSI) of Bitcoin on weekly charts has approached the "oversold" zone for only the fifth time in history. Analyzing past data, it was stated that this signal is usually followed by a consolidation period of 150-250 days, after which strong rallies occur. Experts commented: "If history repeats, we have about 150 days to accumulate Bitcoin at these levels; after that, these prices may never be seen again."
Tillman Holloway stated that the fundamental difference between this cycle and previous years is the involvement of "Wall Street". He explained that the supply balance, previously controlled by mining companies and exchanges, has now shifted towards ETFs (Exchange Traded Funds) and options offered by giants like BlackRock.
According to Holloway, the sharp market downturns actually represent opportunities to close leveraged positions, and "smart" institutional investors continue to buy during these turbulent times.
Andrew Parish argued that the perspective on Bitcoin needs to change. He described the purchase of Bitcoin not as an "investment", but as a "savings account" against the devaluation of cash, and suggested that companies saving a portion of their profits in Bitcoin will provide significant purchasing power in the future.
Despite the market pessimism, experts remain rather optimistic about long-term targets. The transmission included predictions that Bitcoin could reach a value between $600,000 and $1,000,000 by 2029, approaching half the market value of gold.
