Anthony Scaramucci is doubling down on a contrarian Bitcoin thesis: muted retail interest and depressed sentiment might not be a reason to flee the market — they could be the early signs of a cycle bottom.
In an interview shared by Altcoin Daily, Scaramucci made his position clear: “I still like it. I own a lot of it.” He added a timeline to his conviction, saying he expects Bitcoin to begin a meaningful rally “late in the 4th quarter of 2026 into early 2027.” He also dismissed concerns about peers such as Michael Saylor, saying Saylor is “definitely not in trouble.”
Why this view matters
Scaramucci’s argument is classic contrarian crypto logic. When search volumes fall, retail attention fades and price action becomes sleepy, markets turn thin — and thin markets can amplify even modest buying. In other words, an otherwise small demand shock can push prices sharply higher because many players aren’t positioned for upside.
The RSI caveat
A key part of his case points to low momentum and weak participation measured by weekly RSI. But the piece cautions against treating claims of an “all-time low” RSI as definitive. Bitcoin’s weekly RSI is weak compared with prior bull markets, yet historical cycle lows (including 2018) have produced even deeper readings. Low RSI can support a cycle-bottom thesis, but it’s not a standalone signal.
What traders should look for
To call a durable bottom, traders typically look for a confluence of indicators rather than a single metric. Relevant factors include:
- Price structure and key support levels
- Volume and realized volatility
- Liquidity conditions
- On-chain accumulation metrics
- Momentum indicators like RSI in context
Potential catalysts
If the market is indeed under-positioned, several developments could trigger the next leg up:
- A shift in ETF flows
- A more favorable macro environment (including a weaker dollar)
- Renewed institutional buying
Risks and market split
The main risk is timing: low interest can persist longer than bulls expect. The market remains divided — some participants focus on prediction markets and macro risks as reasons for downside, while others view current apathy and weak momentum as the calm before a renewed accumulation phase. Bitcoin will need time and confirming data to show which camp is right.
This story is based on an Altcoin Daily interview shared on X. Written by the News Desk and edited by Samuel Rae.
Read more AI-generated news on: undefined/news
