Is Bitcoin Suspected to Repeat the 'Double Top' of 2021? Risks Have Quietly Emerged
Recently, multiple on-chain signals indicate that Bitcoin may be forming a 'double top' pattern similar to that of 2021.
The price is approaching the January high (approximately $109,000), but the weekly RSI shows a significant divergence, and trading volume is declining concurrently on exchanges and institutional platforms.
The last similar situation occurred from April to November 2021, leading directly into a year-long bear market.
Although the current environment and participant structure are different, the technical aspects are highly similar and should not be overlooked.
The key question is not 'how much higher will it go,' but rather — if this is indeed the peak, are you prepared?
