Bitcoin Death Calls and Investment Returns
- Bitcoin Death Calls Count: Since 2010, Bitcoin has been declared dead 472 times, illustrating extreme pessimism in the market; however, this pessimism has provided opportunities for contrarian investors, as a hypothetical $1,000 investment after each death call would now be worth over $742 million, highlighting the potential of contrarian investing.
- Return on Investment Analysis: According to Bitcoin Is Dead, investing $100 per obituary would yield 1,043.48 BTC, which at the current price of $71,079 translates to approximately $74.2 million, indicating the critical importance of timing investments during market downturns.
- Concentration of Death Calls: Death calls for Bitcoin cluster around market downturns, with 2017 recording the highest number at 93, coinciding with Bitcoin's price drop from $20,000 by over 80%, demonstrating the close relationship between market sentiment and price volatility.
- Market Psychology and Volatility: Bitcoin's annualized volatility typically ranges from 50% to over 100%, resulting in drawdowns of 50% or more in nearly every market cycle, and the changing market psychology leads commentators to frequently predict Bitcoin's demise, although historically, these bearish predictions have often been followed by price recoveries.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 60150.207 | 63941.108 | 68456.197 | 72247.098 | 76762.187 | 80553.088 | 85068.177 |
| Fibonacci | 63941.108 | 67113.997 | 69074.21 | 72247.098 | 75419.987 | 77380.2 | 80553.088 |
About BTC
About the author
