Bitcoin $91K Comeback Mirrors 2021’s Boom-and-Bust Cycle: Will History Repeat?

The current Bitcoin price action shows striking similarities to the 2021 market cycle, as the asset rallies back to $91K.

In a weekly chart shared on X, market watcher Crypto Rover highlighted nearly identical movements across trendlines and channel boundaries, drawing parallels between the past and present Bitcoin cycles.

Looking back at 2021, Bitcoin’s price showed a series of rallies and corrections. At the close of 2020, the cryptocurrency traded at $25,965 and entered a rising channel that carried it to an upper boundary near $64,000 by April 2021. 

Following this peak, the price retraced toward the mid-channel level, dropping to around $30,000 in May and lingering between $30,000 and $40,000 through late July.

Bitcoin then resumed its upward rally, forming a second top, the then all-time high, at $69,000 in November 2021. However, this move failed to breach the channel’s upper boundary, leading to a major correction. A subsequent relief rally pushed Bitcoin from $33,000 to the midline at $48,000.  

The short-lived rally ultimately failed, as the price broke below the channel and continued its decline, eventually reaching $17,996 by June 2022.

Given that a relief rally occurred just before the 2022 major breakdown, Rover believes this offers an important parallel for today’s market, which is currently experiencing a rebound from last week’s drop to $80,600, with Bitcoin now trading above $91,400.

Current Pattern Follows the Same Steps

Crypto Rover’s chart shows Bitcoin repeating similar stages in its current cycle. Beginning in 2023, the cryptocurrency climbed inside a rising channel, moving from $19,000 to $48,000. A more bullish leg in 2024 pushed the price toward $108,000, and the rally extended further in 2025, reaching an upper boundary above $126,600 in October, the current all-time high.

Since then, Bitcoin has reversed, approaching the lower boundary of the channel, where it recently found support above $80,000. Crypto Rover marked the area at $100,000 to $80,000 as the relief rally, mirroring the midline bounce observed in 2021. If the lower channel boundary fails, the chart projects a potential decline toward $43,500.

Interestingly, Bitcoin is trading at $91,735, up 5.65% over the past day, which reduces its monthly loss to 20% and puts it in the relief rally zone.

Other Experts Disagree

Indeed, other market experts also see parallels with the 2021 cycle but highlight bullish interpretations. For instance, Merlijn The Trader notes that Bitcoin has held the crucial $82,000 level and bounced, suggesting bullish potential. According to him, a break above the downtrend line could trigger a rally toward $180,000.

Similarly, Mr. Cryptowhale points to the rebound from long-term support and the potential formation of a double-bottom around $80,000. He believes there is a strong chance the market has already found its bottom, provided Bitcoin remains above the $78,000–$79,000 range, which he identifies as a critical invalidation zone for his bullish outlook.

Interestingly, the chart setup points to a likely surge toward $135,000, as the broader structure supports a continuation of the upward trend.

Bitcoin looks bullish here

There’s a very high probability this is the bottom

Invalidation 78k-79k $BTC pic.twitter.com/mkQZM8pGlK

— Mr. Crypto Whale 🐋 (@Mrcryptoxwhale) November 26, 2025