Crypto Winter 2.0? Charts Mirror 2021, but Momentum Is Weaker
The next few weeks may determine whether Bitcoin can reclaim lost support or slide into a deeper correction.
Bitcoin (BTC) is repeating a dangerous technical pattern last seen in late 2021, according to a detailed analysis from market analyst Material Indicators.
The chart structure, characterized by a tightening range and failing key support levels, suggests the coming weeks are pivotal for determining the next major price trend. If this pattern continues, the analyst says it could lead to a long-term price drop, similar to what happened during the 2022 crypto winter.
The Fractal That’s Spooking Traders
In their technical breakdown, Material Indicators highlighted…
