2026-01-17 06:34:51

Interestingly, Bitcoin's current weekly chart pattern is eerily similar to that of the first quarter of 2022. The previous rally also started with a sharp decline, followed by nearly two months of sideways consolidation, forming an ascending bear flag pattern. As a result, after the channel above the bear flag was broken, the price continued to decline until finding support in November. The current weekly trend seems to be reenacting this script—after a significant drop, the market is in a consolidation phase, repeatedly testing the resistance level. While this historical comparison cannot guarantee 100% accuracy, the technical similarities are worth noting. Based on this logic, short-term caution is still needed regarding downside potential, and confirming a bottom may require more time.

BTC-0,33%

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FastLeaver

· 19h ago

The wave I experienced in 2022 is also happening now. The current pace really feels similar... but I really want to know if we'll have to wait until November again this time?

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JustAnotherWallet

· 19h ago

Is the Bear Flag pattern back again? The last time I played it like this, I bought the dip and lost so much I doubted my life. Now I still feel a bit anxious watching this formation. --- History repeats itself, they say, but if the support only appears in November, does that mean we still have to fall for more than a year? Who can handle that? --- The weekly chart does look similar, but every time I compare it to last year, it sounds convincing, and then it gets smashed through... --- So should I buy in now? Asking anyone is just asking for trouble. --- Waiting for the bottom to be confirmed? Bro, it was already rebounding back then. This kind of reasoning always comes too late. --- The similarity in technicals is worth paying attention to, right? But the result I care about still got liquidated. --- I remember that wave in 2022. The support promised then turned out to be paper-thin, and now they’re doing the same thing again.

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CryptoGoldmine

· 19h ago

In 2022, I only took action after careful consideration. Currently, this pattern does have a bit of a bear flag vibe. However, the key still depends on the resilience of the hash rate network; the difficulty adjustment cycle is the true determinant of pricing power. In the short term, technicals may still have room for a pullback, but the long-term hash rate return-on-investment logic remains unchanged.

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OldLeekConfession

· 19h ago

Hmm... Another bear flag and history repeating itself, sounds pretty intimidating, but I feel like someone always says that every time. Wait, if it continues like this, will I have to wait a few more months to bottom out? I can't wait any longer. Historical similarity ≠ guaranteed repetition; I don't quite buy that logic. When it truly hits the bottom, everyone should be desperate, and that's when the signals will be most reliable. Will this round directly break through last year's lows? No one can guarantee that, right?

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