Déjà vu: Bitcoin price literally copies 2021 double top – it won’t end wellAs Bitcoin approaches its January peak of $109,000, several analysts and investors are increasingly concerned that history could repeat itself. Several technical and blockchain data points suggest that a similar market scenario could unfold as in 2021, when BTC hit a record high twice before entering a long bear market.
What happened in 2021?In April 2021, Bitcoin reached a then-historical record of $65,000, which was accompanied by acquisitions by large companies (e.g. MicroStrategy) and the listing of Coinbase. Many people sold on the news on a “sell the news” basis, and the price of BTC fell to $28,000 in a few months. Then in the fall, the market unexpectedly reversed course, and by November, another record high of $69,000 was reached – and then came the real crash.Similar signs are emerging nowNow, in May 2025, more data shows a similar pattern again.
Weekly RSI divergence: The RSI (Relative Strength Index), which measures the momentum of price movements, has already shown a decline three times while the price has increased. This usually indicates a weakening trend, i.e. a possible reversal.