{"id":48695,"date":"2025-08-20T07:10:41","date_gmt":"2025-08-20T07:10:41","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=48695"},"modified":"2025-08-20T07:16:22","modified_gmt":"2025-08-20T07:16:22","slug":"is-2021-repeating-itself-or-will-bitcoin-reach-a-new-ath","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/is-2021-repeating-itself-or-will-bitcoin-reach-a-new-ath\/","title":{"rendered":"Is 2021 repeating itself, or will Bitcoin reach a new ATH?"},"content":{"rendered":"\n

The analytical platform <\/strong>Swissblock<\/strong><\/a> points out that Bitcoin currently resembles 2021, when it formed a bearish “double top.” This time, however, different macroeconomic conditions could help it break through resistance and reach new all-time highs.<\/strong><\/p>\n\n\n\n

Technical signals are warning<\/strong><\/h1>\n\n\n\n

According to analysts, last week’s closing price<\/a> was not ideal and resembles a double top formation. If there is no reversal, there is a risk of distribution and limited room for growth. Bitcoin is facing a decisive week. The week’s close was not ideal, reminiscent of 2021. Without a reversal, there is a risk of distribution and growth being capped, according to Swissblock. The double top formation is a strong bearish technical signal, indicating that the price is unable to break through resistance and that a downward trend reversal may occur.<\/strong><\/p>\n\n\n\n

However, the situation is different from 2021. At that time, a phase of monetary policy tightening, rate hikes, and quantitative tightening (QT) was beginning. Today, in 2025, the market<\/a> is preparing for rate cuts and quantitative easing (QE).<\/p>\n\n\n\n

Warning of a bull trap<\/strong><\/h1>\n\n\n\n

Well-known trader Cheds also pointed out the similarity to the 2021 pattern. He claims that Bitcoin is showing a so-called upthrust pattern. This is a situation where the price breaks through resistance but then fails to maintain the level and quickly returns. This signal is often considered a bull trap, which often leads to a trend reversal.<\/p>\n\n\n\n

Cheds recalled that the same development occurred in 2021, when the cryptocurrency attempted to break through the $69,000 mark but failed, triggering a deep bear market. Currently, bitcoin<\/a> is trading around $114,000, which is still below last week’s all-time high.<\/p>\n","protected":false},"excerpt":{"rendered":"

The analytical platform Swissblock points out that Bitcoin currently resembles 2021, when it formed a bearish “double top.” This time, however, different macroeconomic conditions could help it break through resistance and reach new all-time highs. Technical signals are warning According to analysts, last week’s closing price was not ideal and resembles a double top formation. […]<\/p>\n","protected":false},"author":2,"featured_media":48688,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,137,93],"class_list":["post-48695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptoburza","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t