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Gate Square New & Returning Creator Rewards are ongoing!
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BITCOIN BULL TRAP OR CORRECTION BEFORE THE NEXT ATH
In 2021, $BTC formed two consecutive rounded tops, then dropped to a key support zone. When the price bounced back, many thought the uptrend had returned, but in reality, it was just a bull trap. After a short rebound, the market crashed hard and entered a prolonged bear market.
The chart for 2025 is showing an almost identical pattern. Bitcoin forms two peaks, then drops sharply to a critical support zone. In this area, the price bounces back and the section marked in red suggests this could also just be a bull trap.
If the pattern continues to mirror 2021, the price could break below key support and enter a slow but prolonged decline, as the blue curve suggests.
The most important point here is the critical support zone. As long as this zone holds, the market still has a chance to recover. But if it breaks below, the overall market sentiment could change very quickly and lead to a deeper correction phase.
What do you guys think will happen to bitcoin?
#BTC