{"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<p class=\"wp-block-paragraph\"><strong>The analytical platform <\/strong><a href=\"https:\/\/swissblock.net\/\"><strong>Swissblock<\/strong><\/a><strong> points out that Bitcoin currently resembles 2021, when it formed a bearish &#8220;double top.&#8221; This time, however, different macroeconomic conditions could help it break through resistance and reach new all-time highs.<\/strong><\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>Technical signals are warning<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">According to analysts, last week&#8217;s closing <a href=\"https:\/\/crypto-globe.com\/en\/bitcoin-will-skyrocket-in-price-in-2026\/\" target=\"_blank\" rel=\"noopener\" title=\"\">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&#8217;s close was not ideal, reminiscent of 2021. Without a reversal, there is a risk of distribution and growth being capped, according to Swissblock. <strong>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<p class=\"wp-block-paragraph\">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,<a href=\"https:\/\/crypto-globe.com\/en\/bitcoin-ignores-new-tariffs-and-surpasses-122000-market-driven-by-optimism\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> the market<\/a> is preparing for rate cuts and quantitative easing (QE).<\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>Warning of a bull trap<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">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<p class=\"wp-block-paragraph\">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, <a href=\"https:\/\/trader-magazine.com\/news\/us-bitcoin-spot-etfs-have-had-a-successful-year-helping-bitcoin-to-grow\/\" target=\"_blank\" rel=\"noopener\" title=\"\">bitcoin<\/a> is trading around $114,000, which is still below last week&#8217;s all-time high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The analytical platform Swissblock points out that Bitcoin currently resembles 2021, when it formed a bearish &#8220;double top.&#8221; 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&#8217;s closing price was not ideal and resembles a double top formation. [&hellip;]<\/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":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Is 2021 repeating itself, or will Bitcoin #separator_sa #site_title","meta_description":"The analytical platform Swissblock points out that Bitcoin currently resembles 2021, when it formed a bearish \"double top.\" This time, however","focus_keyword":""},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/comments?post=48695"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48695\/revisions"}],"predecessor-version":[{"id":48696,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48695\/revisions\/48696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media\/48688"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media?parent=48695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/categories?post=48695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/tags?post=48695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}