Bitcoin Repeats a 3-Cycle Pattern but This Signal Hasn’t Broken

Bitcoin chart repeats a 3-time pattern that came before price drops

Momentum tools now reflect signals seen before every market shift

Dominance is rising but price levels must still break for recovery

The chart, shared via TradingView on April 9, compares historical tops and bottoms with major momentum indicators. A visual pattern of red and green dots matches past market cycles. The analyst suggests a relief rally may occur, but only if certain resistance levels are reclaimed or rejected.Hence, the structure signals a cautious phase for Bitcoin amid broader market uncertainty.

Historical Parallels Highlighted in New Bitcoin Chart

The Bitcoin price action reflects patterns seen before previous major corrections. These include market tops marked with red dots and lows with green. Additionally, highlighted blue and red zones indicate extreme momentum shifts on a two-week timeframe.

These cyclical markers appeared around late 2013, 2017, and 2021. Consequently, the chart places the current structure within that context. The overlay of momentum indicators and price action reveals similar dynamics.

Moreover, the inset chart includes BTC’s price against USDT dominance. That panel visually matches current data to previous cycle transitions. Both BTC price and USDT dominance exhibit repeating peaks and troughs. This aligns closely with market phases where sentiment shifted drastically.

Besides, other indicators shown include momentum oscillators and trend-following metrics. These indicators reflect topping and bottoming signals that mirror past patterns.

Analyst Suggests Short-Term Relief Possible

RickUInTz stated on Twitter that despite the bearish chart, short-term relief may be likely. He referenced conditions resembling the 2014 cycle. However, he added that confirmation depends on whether key levels are reclaimed or rejected.

His message was posted at 7:58 AM UTC on April 9, with over 9,300 views reported. The tweet indicated no optimism, stating, “I take no pleasure in these.” Yet he acknowledged that relief might come “at some point.”

Additionally, in a reply to another user, the analyst explained that BTC dominance has been trending up. He noted that dominance has not broken its cycle trend yet. Hence, this suggests the market might still be in a bullish phase structurally.

He also highlighted that dominance breaking down in previous cycles signaled trend exhaustion. Since that has not occurred this cycle, it adds another layer of context.

Market Cycles Remain Central to Bitcoin’s Behavior

The chart includes a two-week time frame for the BTC/USD pair. It focuses on price reactions at repeated market tops and bottoms. The momentum indicators below the price chart visualize exaggerated bullish and bearish extremes.

Marked divergences between price action and momentum indicators raise concerns. Additionally, each major high coincides with similar oscillator behavior. Every market top since 2011 occurred after such patterns formed. Moreover, each low aligned with extreme bearish prints, later followed by green indicators.

Consequently, market participants are now evaluating whether history will repeat. Will Bitcoin reclaim lost levels or face another prolonged downturn?

Besides, the consistency of patterns over multiple cycles has strengthened the chart’s significance. Each time these setups appeared, they preceded major directional moves. The chart’s structure emphasizes the need to track reclaim and rejection points closely.

The market appears to be at a critical juncture. The repetition of visual patterns continues to shape market sentiment. Significantly, this ongoing cycle comparison has gained attention from analysts and traders watching historical setups.