For the first time since the end of last year, Bitcoin has recently seen an increase in RSI, a signal that senior macro-investor Jordi Visser said was changing his outlook for the coming months.

Visser discovered this deviation through a four-hour RSI chart. When Bitcoin recently made a breakthrough of $60,000, prices reached a new low, but RSI readings were higher than the previous low. He said: “As a trader, I believe that when the price returns to 60 or more, it can be bought and lost below the lower point”.

Visser also argued that bitcoin was close to the bottom of the year, without excluding the possibility of falling prices to $50,000 or even $45,000. He said, “I think it'll be over $100,000 in a year, so I don't care if it's 60 or other prices.”

According to Visser, he underestimated the extent of capital flows to shares in AI rather than to encrypted currencies, referring to the 20-fold increase in equity prices in American light technology. He said, “In large companies, such increases are rare.”

In his view, the shift was related to the release of Opus 4.5 in October and the weakening of expectations for further interest rate reductions. The market is expected to reduce interest rates by 150 basis points at the end of September, but this expectation has since shifted to the possibility of a higher rate.

With regard to the Fed ' s next step, Visser indicated that the Fed could increase interest rates on 29 July, with the current probability of such increases ranging from 35 to 40 per cent. In his view, policymakers did not really want to raise interest rates, citing statements by Fed officials that AI could lead to short-term inflation increases, followed by longer deflation trends. If the Fed remains unchanged, Visser expects that bitcoin will be traded at more than $70,000, as the market will begin to absorb the possibility of higher interest rates before the mid-term elections.

He also referred to a recent statement by the Minister of Finance, Scott Bessent, that digital assets and stable currencies were at the heart of the Government ' s re-engineering of the country ' s role in global finance.

Additional information:Visser ' s views were based on an analysis of market dynamics and did not provide specific investment advice.