$BTC
Is Bitcoin Replicating a Dangerous Script Again?
Many professional data sources are warning that Bitcoin's trend seems to be following the old path of 2021. The price is nearing the high of $109,000 from January, but strangely, the technical indicators are off — the weekly RSI is showing bearish signals, and trading activity in the crypto market and institutional platforms is also decreasing.
Do you remember 2021? After Bitcoin surged to $65,000 in April, it suddenly plummeted. In November, it finally reached a new high, leading to a whole year of bear market. While the market conditions now are somewhat different from back then, these technical indicators are all too familiar! Friends investing in Bitcoin, please be cautious and don’t repeat the mistakes of the past!
