Crypto analyst Omkar Godbole said that the pattern that brought about a significant drop in Bitcoin's price may have repeated itself. Continue Reading: ExpertCrypto analyst Omkar Godbole said that the pattern that brought about a significant drop in Bitcoin's price may have repeated itself. Continue Reading: Expert

Expert Analyst Suggests That the Structure That Previously Caused a Severe Crash in Bitcoin May Have Reemerged

2026/03/21 02:38
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Notable technical similarities in the cryptocurrency markets are raising concerns about Bitcoin’s (BTC) current price movement. According to analyst Omkar Godbole, Bitcoin’s trajectory in recent weeks bears a “dangerous” resemblance to a pattern that previously led to sharp price drops.

Bitcoin is currently trading around $70,994, and the price movements, especially since the beginning of February, are noteworthy. According to the analyst, the pattern that has emerged during this period largely coincides with the formation seen in November-January, which eventually led to the price falling to the $60,000 level.

This pattern is referred to as a “counter-trend recovery” in technical analysis. Such movements are generally considered limited and temporary upward movements seen within a downtrend. Between November and January, Bitcoin followed a narrow, slightly upward-sloping trajectory after falling from the $100,000 level. While this movement initially signaled a recovery, it later became clear that it was actually a short-term pause within the main downtrend.

Related News: What Does the Future Hold for XRP? Key Levels Revealed

Indeed, during this process, the support level was broken, and the Bitcoin price experienced a rapid drop from approximately $90,000 to $60,000.

A similar pattern is being observed today. After the lows at the beginning of February, Bitcoin is once again moving within a narrow channel, slightly sloping upwards but with weak momentum. According to the analyst, this rise may be a sign of “fatigue” rather than the start of a strong trend. Slow and volatile rises generally indicate that buyers are losing strength and sellers may regain control.

On the other hand, technical indicators suggest the market is at a critical juncture. A break below the lower band of the current rising channel, around $65,800, could cause the downtrend to regain strength. Conversely, if the price rises above the channel, the downtrend could weaken, and the bulls could regain control.

*This is not investment advice.

Continue Reading: Expert Analyst Suggests That the Structure That Previously Caused a Severe Crash in Bitcoin May Have Reemerged

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) has completed its latest price jump, rising from $0.00020628 to $0.00020688. The price jump is part of the project’s pre-launch phase, which began on April 1, 2025.
Share
Cryptodaily2025/09/18 01:10
Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details

The post Aave CEO Breaks Silence on Game-changing Upgrade in Q4: Details appeared on BitcoinEthereumNews.com. Aave CEO and founder Stani Kulechov has broken his silence on a major upgrade coming to Aave in Q4, 2025. The Aave v4 upgrade is anticipated to be one of the major events in DeFi in 2025, including features such as a Hub-and-Spoke architecture, reinvestment module and others, boosting Aave liquidity and saving gas. The upgrade will also include UX improvements and a new liquidation engine. The Reinvestment Module would help Aave earn more from unused capital, utilizing idle liquidity. On Sept. 15, the Aave founder informed the crypto community of the Aave v4 upgrade roadmap, which highlights where the project is currently at in its development. Aave CEO reacts The Aave founder commented in reaction to a tweet highlighting the features of Aave V4, “very nice overview of the Aave V4 feature,” adding that the Reinvestment Module was not part of the initial design. Very nice overview of the Aave V4 features. Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, “last-minute” addition. The… https://t.co/Zkp3bmrCAZ — Stani.eth (@StaniKulechov) September 17, 2025 “Interestingly, the Reinvestment Module wasn’t part of our original design a couple of years ago when we laid down the protocol architecture. It actually emerged later as an unexpected, but exciting, last-minute addition,” Kulechov added. The Aave CEO explained the reinvestment feature further as one that allows the protocol to deploy pool float into low-risk, highly liquid yield strategies, creating additional efficiency for LPs. The feature is somewhat inspired by Ethena’s rebalance to USDtb but applied natively within Aave. The Aave team shared the launch roadmap for the Aave upgrade on Sept. 15, revealing a recent V4 Development Update. Source: https://u.today/aave-ceo-breaks-silence-on-game-changing-upgrade-in-q4-details
Share
BitcoinEthereumNews2025/09/18 16:57
Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Will the Fed’s first rate cut of 2025 fuel another leg higher for Bitcoin and equities, or does September’s history point to caution? First rate cut of 2025 set against a fragile backdrop The Federal Reserve is widely expected to…
Share
Crypto.news2025/09/18 00:27