Bitcoin’s Price Action Echoes 2021 Crash: Will We See Another Bear Market?

Analysts are sounding the alarm, suggesting that Bitcoin’s current price action mirrors a key indicator from before the devastating 2021 market crash. Crypto commentator TradingShot on TradingView noted that each recent rebound attempt has been met with heavy selling pressure, leaving BTC stuck below its 50-day moving average – a pattern reminiscent of past declines. This “lower highs followed by lower lows” formation could signal the start of another bearish cycle similar to what happened in 2021.