#BTCvsETH $BTC $BTC

While the Bitcoin price has managed to hold close to its all-time high levels, there is still bearish pressure lurking in the background for the digital asset. With the surge to new peaks over the weekend, there have been multiple gaps created, and history suggests that Bitcoin will have to drop back down to fill these gaps before it can begin to rally again. These gaps now point to a return to its previous all-time high levels before the rally began last week.

V-Shaped Pattern Shows Bears In Control

Crypto analyst Youriverse explained the Bitcoin situation and why there could be a crash coming soon. First thing he pointed to was the fact that the cryptocurrency had made a V-shaped pattern after hitting its all-time high above $123,000, and this formation is usually bearish. This is because it shows a shift toward sellers being in control as profit-taking becomes more pronounced. This is only the start as more bearish developments are now in play.