Bitcoin is flashing a technical pattern last seen before the 2022 bear market. The setup is similar, but the context has changed here's what to consider.
Bitcoin's price action is starting to look familiar, and not in a comforting way. The technical pattern forming right now closely resembles what appeared on the charts just before the 2022 bear market took hold. For those who lived through it, that period was brutal—Luna collapsing, Three Arrows imploding, contagion spreading across leveraged platforms. The sell-off felt relentless.
What stands out to me here isn't just that the pattern is back, but that it's appearing under completely different circumstances. In 2022, the Federal Reserve was tightening aggressively, liquidity was drying up, and crypto-specific disasters were stacking on top of macro headwinds. Today, rate expectations have shifted, inflation is behaving differently, and institutional participation looks more mature.
Technical patterns matter because they reflect collective behavior—fear, greed, hesitation, all condensed into price and volume. When a formation repeats, it suggests traders are responding to similar psychological triggers, even if the underlying causes differ. That's what makes this setup worth paying attention to. It's not a guarantee of anything, but it's a reminder that market structure can rhyme across cycles, sometimes uncomfortably well.
The question isn't whether this pattern will play out exactly like 2022. It probably won't. But it does raise the idea that Bitcoin might be at a decision point, technically speaking, where momentum could shift in either direction depending on how key levels hold. That's the part I'm watching—not the prophecy, just the setup.
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