Bloomberg Analyst Claims Bitcoin Differs Significantly from Tulip Mania

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 08 2025

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Bitcoin vs. Tulip Mania: Analyst Balchunas argues that Bitcoin's historical resilience and ability to recover from market downturns make comparisons to the tulip bubble invalid, as Bitcoin has undergone multiple market cycles over 17 years.
Normal Market Corrections: He views the anticipated 2025 correction as a typical cooling period following a strong performance, similar to fluctuations seen in traditional equities, rather than evidence of a bubble.
Critique of Emotional Arguments: Balchunas suggests that critics of Bitcoin often rely on emotional responses rather than data-driven analysis, using the tulip analogy to provoke rather than engage in meaningful discussion.
Bitcoin as a Non-Productive Asset: He dismisses the notion that Bitcoin is speculative like tulips, arguing that other non-productive assets, such as gold and art, are also valued despite not generating yield, placing Bitcoin in the same category of recognized stores of value.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.

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	36037.2	48018.6	60307.22	72288.62	84577.24	96558.64	108847.26
Fibonacci	48018.6	57289.748	63017.472	72288.62	81559.768	87287.492	96558.64

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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