Analysis: Bitcoin may reproduce the "double peak" trend of 2021

Odaily Planet Daily News: Recently, multiple indicators on necklaces have shown that Bitcoin (BTC) may be forming a "double top" pattern similar to that of 2021. The current price is close to the high of about $109000 set in January, but there is a bearish divergence in the weekly RSI, and trading volume continues to decline on cryptocurrency and institutional platforms. In 2021, Bitcoin quickly fell back after reaching a high of about $65000 in April, and then hit a new high again in November, ultimately entering a bear market that lasted for a year. Analysts point out that although the current market environment is different, technical indicators are similar to those of the past, and investors should pay attention to potential risks. （CoinDesk）