Bitcoin Repeats Its 2021 Pattern: Analyst Warns of Final Crash Still Ahead

Introduction
In today’s fast-evolving cryptocurrency landscape, global crypto news is under the spotlight as Bitcoin, the undisputed market leader, shows signs of repeating a familiar 2021 pattern. On Tuesday, Bitcoin rallied above $105,000 during mid-morning European trading, reclaiming ground after a brief period below six figures—a level not seen since May. Despite this rebound, veteran technician Quantum Ascend (@quantum_ascend) warns that the market might face further turbulence before reaching stability.

Bitcoin’s 2021 Pattern Reiterated
A detailed technical analysis reveals that Bitcoin is following a cyclical pattern noted during the 2021-to-2024 arc. According to Quantum Ascend, the cycle unfolds in distinct phases:

• Initial Run-Up: A strong upward momentum drives the price to a significant peak.
• High Point and Correction: After the first high, a pullback occurs, creating an environment for a subsequent rally.
• Second High: Bitcoin attempts to climb again, only to face another sharp correction.
• ABC Corrective Sequence: Historically, this pattern concluded with an ABC correction, where the bottom was only reached after a deeper decline.

Despite the current rally, Quantum Ascend remains cautious, indicating that the recent sell-off might not yet signal true capitulation. His sentiment—“Gut says no”—resonates with uncertainties that many investors face today, suggesting that market fundamentals could be pointing to further downside risk.

Practical Takeaways for Investors
This evolving scenario in cryptocurrency news provides several actionable insights for both novice and experienced investors:

• Diversify Your Investments: Use this period to explore strategies like building a balanced crypto portfolio that considers both high potential and stable assets.
• Stay Updated: Regularly review global crypto news and technical analyses to understand market shifts, ensuring your strategies are data-driven.
• Consult Expert Analyses: Leverage insights from analysts like Quantum Ascend to guide decisions, recognizing early signs of volatility.
• Consider Tax Implications: Utilize crypto tax tips to manage gains and losses efficiently, especially in a turbulent market.

Conclusion
While Bitcoin's current surge above $105,000 offers hope, history suggests caution. The emerging pattern, reminiscent of the 2021 cycle, indicates that the final crash—marked by deeper corrections—could be approaching. For investors, staying informed with comprehensive cryptocurrency news and adhering to robust portfolio strategies remain critical in navigating this unpredictable environment.