Dogecoin\u2019s drawdown may be closer to its late-stage \u201ccapitulation\u201d phase than a clean bottom, according to crypto YouTuber VisionPulsed, who argued in a Feb. 8 video that lingering bullishness across Crypto Twitter and YouTube is itself a signal the market likely hasn\u2019t inflicted enough pain yet.<\/p>\n
In his latest Dogecoin-focused update<\/a>, VisionPulsed framed the setup less as a clean technical inflection and more as a familiar cycle pattern: retail optimism fades slowly, the final washout arrives when even perennial bulls lose their \u201cfight,\u201d and only then does a durable low tend to form.<\/p>\n \u201cMore and more people are starting to get bearish and once we finally break this low I think that\u2019s going to be when everyone says it\u2019s bearish but it\u2019s going to be too late because the bottom is probably going to be in soon,\u201d he said. \u201cSo, the fact that there\u2019s still people coming on YouTube saying that it\u2019s still bullish, it\u2019s that we haven\u2019t gone down low enough.\u201d<\/p>\n VisionPulsed repeatedly returned to what he called the market\u2019s ability to \u201crun the same play twice in a row,\u201d arguing that the same bearish indicators can persist because each cycle brings a fresh cohort that resists the idea the move is over. He also suggested the incentive structure of crypto content can reinforce that dynamic, with creators leaning bullish because it sustains engagement, even as broader conditions deteriorate.<\/p>\n \u201cThe reason I bring all this shenanigans in is because the fact that there\u2019s still people that are still bullish shows why the market can do the same thing over and over again,\u201d he said. \u201cWe have the same exact indicators and now instead of me saying we\u2019re bullish, there\u2019s other YouTubers that are still bullish\u2026 humans make the same mistakes over and over again.\u201d<\/p>\n On timing, VisionPulsed pointed to momentum tools \u2014 particularly the Stochastic RSI for Bitcoin on multiple timeframes (as a signal for the entire crypto market), as a guide for whether any countertrend rally is just a reset before another leg down. He warned against overconfidence in widely cited catalysts such as a CME gap<\/a>, noting a similar setup appeared in May 2022, and stressed that rallies repeatedly \u201cfizzle out\u201d when Stoch RSI<\/a> reaches overbought territory. If the market \u201cplays nice,\u201d he said, it could bounce into overbought levels and then roll into the next decline; if it doesn\u2019t, a rollover could arrive without the clean overbought tag.<\/p>\nIs The Dogecoin Bear Market Bottom In?<\/h2>\n