Cryptocurrency Market Shows Signs of Repeating Pattern

The cryptocurrency market is witnessing a repeating pattern that may signal a significant downturn. Bitcoin's price swings since early February are mirroring the setup seen between November and January, which preceded a sharp drop to nearly $60,000.

While some investors might see this as an opportunity, others are likely concerned by the resemblance. SHIB, on the other hand, is showing signs of recovery after burning 4.27 million tokens over the last 24 hours eased pressure on the meme coin.

The Artificial Superintelligence Alliance (FET) price has rebounded and is trading above $0.230 as of writing. Strengthening on-chain data and improving derivatives metrics suggest further gains for FET in upcoming days.