Is Bitcoin Still Going to Drop!? Long-Term Analysis of the US NVIDIA and the Cryptocurrency Market

Hello everyone!

I am KAWAKEN, a cryptocurrency analyst.

I’m currently working in the mountains of Shiga.

Even though March has brought heavy snow,

yesterday on the vernal equinox it suddenly warmed up,

and I’m starting to feel that spring might be here?

and that’s how I’ve been spending my days.

Especially lately, with the seasons and the market changing a lot,

please take care of yourself ✨️

By the way, what do you all think about the upcoming cryptocurrency market?

Personally, lately I’ve been watching analyses from major traders on YouTube and X about the market,

and I’m curious how everyone is viewing the Bitcoin market and tech stocks right now,

what the holders are planning to do next,

and I’m trying to look at it objectively.

A fairly common view is that after the ATH (all-time high) drop and rebound,

the short-term outlook is to buy,

and there are reports that whales are buying XRP and PEPE now,

which I’ve also seen.

I, too, am taking a Buffett-like approach,

and I’m making incremental purchases,

but regarding Bitcoin,

I believe there is still ample room for it to fall.

Please allow me to share my current thoughts a little.

The chart below is BTCUSDT on a weekly timeframe with my custom RCI applied.