Analysis News TheBitTimes.com

Bitcoin’s (BTC) pullback from its all-time high of $124,500 is raising concerns of extended losses, with the asset’s current chart formation showing similarities to the 2021 cycle top that triggered a prolonged bear market. According to insights from popular online cryptocurrency analyst TradingShot, Bitcoin has struggled to regain momentum, with every rally attempt being sold off, and the price slipping below the 50-day moving average (MA). The setup mirrors the same sequence that unfolded four years ago when BTC entered a major downturn, the analyst noted in a TradingView post on August 29. Bitcoin price analysis chart. Source: TradingView In both 2021 and 2025, the Analysis shows lower highs followed by lower lows. The market then found support after a one-day death cross, alongside a bullish RSI divergence that marked the short-term bottom. Bitcoin rebounded, breaking above the MA50 and MA200 before forming a bull flag after a golden cross. That rally ul...

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