Bitcoin could be repeating the pattern seen at the end of the bitcoin bull market in 2021, traders have warned, with cryptocurrency trader Cheds saying a fresh sell-off following last week's record high could be an ominous sign for investors.
According to Cheds, Bitcoin is showing a pattern of "rallying failure" - a pattern widely seen as a bull trap that signals market weakness and a potential trend reversal.
"When the price breaks through the resistance level and then falls back and fails to hold that level, it forms an upswing failure pattern. In addition, we also see the'external daily K line '. It is the huge red candle line on August 14."
Analysis: Bitcoin may be repeating the pattern that emerged at the end of the bitcoin bull market in 2021
2025-08-18 07:17:33
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Qubic在“51%攻击” 掌控门罗币后，将目标瞄准狗狗币
