🔄 BTC Déjà Vu? Charts Look Like 2021 Top… Will History Rhyme? 🚀📉
Bitcoin is at $117,558 after reaching a fresh ATH of $124,100 this week but some traders see an eerie resemblance to the 2021 double top pattern.
👀 The Chart Camp
One trader says BTC is at a “key resistance” that mirrors the 2021 peak.
Analyst Benjamin Cowen: BTC is following its post-halving script:
July–Aug = Up
Sep = Dip
Q4 = Cycle Top 🎯
Then… Bear Market ❄️
⚠️ The Skeptics
Another trader argues: “Charts and fractals don’t matter — treasury demand does.”
Data shows $150.9B BTC already snapped up by public companies.
View: As long as treasuries keep buying, a bear market is “impossible.”
📊 Extra Heat
BTC dominance down 6.55% in 30 days.
ETH pumping up 19% this week, just 5.7% away from its ATH.
🔮 Outlook
The charts whisper “double top,” but this cycle has new drivers: corporate treasuries, ETFs, and institutional inflows. History might rhyme — or the script could be rewritten.
💬
So, fam: Are we in a 2021-style double top or a brand new cycle?
Rhyme 🔄 or Rewrite ✍️?
