Bitcoin has just posted its first RSI divergence since the end of last year, according to senior investor Jordi Visser, who said the indicator is changing his outlook for the coming months.
Visser he said he saw it Contrast using the 4 hours RSI chart. The price made a new low when Bitcoin crossed $60,000 recently, but the RSI reading remained higher than it was before. “As a seller, I go, now I can buy something when we go back over 60, and I’ll just hold myself down,” he said.
Visser, who also follows the Elliott wave theory, believes that Bitcoin is close to its limit next year. They don’t rule out going down to $50,000 or $45,000. “Do I think we will be more than 100 years from now?” Yeah,” he said. “So what do I care if I buy something at 60 or whatever.”
Where the money went
Visser said he underestimated how much money could be taken from AI products instead of crypto. He pointed to Micron, which he said had raised the price twenty times. “You don’t get that in big companies, and this is a big company,” he said, adding that startups without an AI side struggled to attract investor interest last year.
The change, he said, coincided with the release of Opus 4.5 in October and the prospect of lower prices. The stock fell 150 percent at the end of September, before the sentiment changed to a bullish one.
The Fed’s next move
Rates may rise on July 29, with odds at 35 to 40 percent now, according to Visser. He doesn’t think policymakers want to raise rates, citing recent comments from the Fed chief that AI could lead to a gradual rate hike followed by a longer-term rate cut. If the Fed is tight-fisted, Visser expects Bitcoin to trade above $70,000, as markets begin to raise prices ahead of the midterm elections.
He also explained the recent statement of Treasury Secretary Scott Bessent, arguing that digital assets and stablecoins are becoming more important as the administration seeks to reshape the country’s role in the global economy.
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