Alonaw Business School: Bitcoin Chart Patterns Signal Critical Market Juncture
Alonaw Business School Analysis reveals striking similarities between current Bitcoin price action and the 2021 market top, presenting crucial insights for Filipino crypto investors navigating today's volatile landscape. Market Pattern Recognition: History in Motion The crypto markets are painting a familiar picture. Technical analysts at Alonaw Business School have identified compelling parallels between Bitcoin's current price behavior and the pattern that preceded its $69,000 peak in November 2021. Trader Nebraskangooner's observation highlights what appears to be a double-top formation - traditionally considered a bearish signal. This pattern recognition isn't just chart wizardry; it's market psychology manifesting in price action. The Treasury Company Factor However, the game has changed significantly since 2021. Corporate treasuries have accumulated $150.98 billion worth of Bitcoin, fundamentally altering market dynamics. This institutional demand cre...