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Bitcoin is stuck in a familiar trading range, sparking debates among traders about whether history will repeat with a sharp drop or if strong demand will push prices higher. Analysts point to eerie similarities with the 2021-2022 cycle, while institutional inflows offer a potential safety net.
- Bitcoin's current $61k-$104k range closely resembles the pre-crash consolidation in 2021, raising concerns about a potential 78% drop similar to the 2022 collapse.
- Technical analysts highlight the failed breakout above $106k as a warning sign, while institutional ETF inflows create what some believe is a stronger market floor.
- A golden cross formation in Bitcoin's moving averages historically preceded major rallies (50%-125% gains), presenting a bullish counterpoint to the bearish technical warnings.
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