Bitcoin Flirting With 2022-Style Meltdown? Analyst Spots Critical Rising-Channel Breakdown

Bitcoin's technical foundation is cracking—and one analyst says we've seen this movie before.

The Rising Channel Collapse

That textbook-perfect rising channel that bulls have been leaning on? It's showing structural damage. The same pattern that preceded the 2022 carnage is flashing red again, according to technical analysts watching the charts.

History Doesn't Repeat, But It Rhymes

Remember 2022's 65% bloodbath? The current setup mirrors those ominous pre-crash signals. Though nobody's predicting an identical collapse, the technical similarities are too glaring to ignore.

Institutional Poker Face

Meanwhile, Wall Street's crypto tourists are maintaining their characteristic calm—the kind usually reserved for predicting other people's losses while managing their own bonuses. Because nothing says 'risk management' like using retail investors as crash test dummies.

Bottom line: Technicals suggest turbulence ahead, but Bitcoin has survived worse. The question isn't whether it'll recover—but how many paper hands get shaken out before it does.

The current Bitcoin pullback is closely tracking the same rising-channel breakdown pattern that preceded the 2022 downturn. Currently, Bitcoin trades at $86,301, down 0.5% over the past day and increasing its weekly loss to 9.6%.

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