Bitcoin double-top mode says that the bull market has ended. Has it collapsed?
A crypto analyst is sounding an alert on Bitcoin (BTC), Predicting price crash This could drag it to levels not seen since previous bear markets. Quote frequently occurring historical chart patterns, such as formation before the ominous double tops The market crashed in the past, Analysts warn that Bitcoin’s current price action is on the edge of repeating history. He also raised possible concerns Market manipulation Contributing to recent price volatility, this has heightened concerns about the upcoming downturn.
The long-standing double signal Bitcoin crashes
Bitcoin Explosive rises over $100,000 Reignited market sentiment and triggered various bullish forecasts Potential rise to the top of the final cycle. But while analysts view their recent price action as a bullish new height action, others projected The imminent crash To fresh lows.
Notably, Jacob King, crypto analyst and CEO of Whalewire predict The imminent collapse of Bitcoin price. The analyst shared a comparison chart that points to a frequently occurring chart pattern that predates every major market crash in Bitcoin price history. Throughout all past market cycles, BTC has formed a unique double top model. Mark the end of the bull cycle And the beginning of the bear market.
For clarity, Gold’s chart shows four panel comparisons Bitcoin price action In the past 4 years cycle. The upper left corner of the chart shows the double-layer pattern formed in 2017, followed by a cryptocurrency hitting a second price peak, crashing sharply.
In the upper right picture, smaller Double top pattern It happened in 2019, triggering price corrections, although less severe than in 2017. More obvious questions have also emerged in 2021, resulting in The historic Mark collapses And the bear market extends from 2022 to 2023.
Now, the current 2025 Bitcoin structure reflects very much the same pattern in previous cycles, with the King warning that history is about to repeat itself. Analysts charts show that BTC has finally formed a market top, potentially sending signals The onset of a bear market.
He further announced that the price of Bitcoin is already dangerous Overestimated. He urged investors to exit the market and stressed that every green candle is a better sales opportunity.
Analysts present flags on possible market manipulation
In addition to the technical model and possible price collapse, King also proposed the red flag about the possible cheering The latest surge in Bitcoin and fluctuations. Analysts believe that the recent rally over $100,000 is not driven by actual demand, but by Tether (USDT).
According to controversial views, the rapid creation of USDT is creating manual buying pressure to print export liquidity for large holders who are now unloading positions at high prices. King claims insiders are using Stablecoin’s release Manipulate the price of Bitcoincreating demand does not stem from actual Fiat inflows.
Featured images from Pixabay, charts from TradingView.com
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