Below is the chart shared by Martinez that puts the two periods side-by-side.<\/p>\n
![\"Bitcoin](\"https:\/\/pbs.twimg.com\/media\/G-AVXkqWkAEOpIr?format=jpg&name=large\")
As is visible in the graph, Bitcoin saw a 54% drawdown during the first half of 2021, before witnessing another leg of the bull run to a new all-time high (ATH) above $69,000 later in the year.<\/p>\n
This high was followed by a bearish shift, with the price quickly sliding off as 2022 arrived. In 2022, the cryptocurrency observed consolidation inside a technical analysis (TA) pattern known as a Bear Flag.<\/p>\n
As the name suggests, Flag patterns look like a flag on a pole. In the case of a Bear Flag, the setup is oriented in the reverse direction; an initial sharp downward move represents the “pole,” while a parallel consolidation channel makes up for the “flag.”<\/p>\n
When the asset is trading inside the flag, it finds support at the lower level of the channel and resistance at the upper one. A break out of either of these bounds can signal a sustained move in that direction.<\/p>\n
Flags are considered to be continuation patterns, meaning that breakouts from them are likely to lead into the same direction as the preceding price trend. That is, a breakout could occur in the same direction as the pole.<\/p>\n
From the chart, it’s apparent that this appears to be what happened with Bitcoin back in 2022, with the price escaping downward from the Bear Flag with a sharp crash.<\/p>\n
Jumping to the recent Bitcoin price action, the cryptocurrency saw a similar trajectory in 2025 as in 2021, with an initial leg of the bull run leading to a second one that resulted in a new ATH (this time above $126,000). One difference, however, was that the legs of this bull market were separated by a price decline of just 30%.<\/p>\n
Since the latest record, BTC has once again faced a bearish transition, with its price plummeting to a low in November and beginning a period of consolidation. The analyst thinks that the latest phase of sideways movement could be occurring inside a Bear Flag, similar to the one from 2022.<\/p>\n
It now remains to be seen whether the cryptocurrency’s trajectory is indeed similar this time around as well or if the two cycles will diverge.<\/p>\n
BTC Price<\/h2>\n
Bitcoin has seen a setback in its recovery as its price has dropped back to $91,000.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
A cryptocurrency analyst has pointed out how the recent Bitcoin price action could echo the bear flag formation from the 2021-22 period. Bitcoin May Be Inside A Bear Flag Right Now In a new post on X, analyst Ali Martinez has highlighted a similarity that has been emerging between the Bitcoin price trend from 2021-22…<\/p>\n","protected":false},"author":1,"featured_media":9384,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[56,4452,4453,55,61,62],"class_list":["post-9383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-bear-flag","tag-bitcoin-bull-trap","tag-bitcoin-news","tag-btc","tag-btcusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/9383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=9383"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/9383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/9384"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=9383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=9383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=9383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}