The double ball (double hill) formation, which occurs in the course of Bitcoin over 100 thousand dollars, is interpreted by technical analysts as a potential trend return signal. However, according to Sygnum Bank, this technical appearance does not mean a price collapse as in 2022.

“Double ball requires attention, but for a large collapse, a black swan event like FTX or Terra, Syn says Sygnum Investment Research Director Katalin Tischhauser.

📉 Technical Warnings

BTC has been watching 100,000 to $ 110,000 for the last 50 days. This indicates that the momentum was exhausted after the summit in January 2025. Many observers, including technical analyst Peter Brandt, say that this price movement constitutes a double peak formation.

Double Ball Structure:

Two Summits: about 110,000 dollars.

Intermediate Support Level: At the beginning of April, the 75,000 dollar footplace.

Breaking this level can theoretically withdraw the price up to 27,000 dollars (approximately 75 %decrease).

However, Tischhauser emphasizes that technical formations are not enough to cause such harsh collapse, and reminds me that there are macro factors and liquidity crises behind the collapses like 2022.

💼 Corporate investments make this rally different

The difference of today’s ascension cycle from the previous bull markets is that it is focused on capital flow, not a story. Tischhauser states that long -term Bitcoin investments in ETFs and corporate portfolios support price stability.

“Such investors enter Bitcoin after a meticulous risk assessment. When they enter, this is a long -term decision.”

📈 The prominent corporate data:

11 Spot Bitcoin ETF has received over $ 48 billion in net entries since 2024.

The 141 public company holds a total of 841,693 BTCs in total.

🧠 Halving cycle may no longer be effective

Although Bitcoin’s Halving cycle, which takes place every four years, directs the price movements historically, Tischhauser says the impact of this mechanism is now weakened.

“Miners now constitute a small part of the transaction volume. The fall of BTC supply does not affect the price because the institutional demand is already much more dominant.”

With the latest Halving in April 2024, the BTC Block Prize fell from 6.25 BTC to 3.125 BTC. However, this decrease in supply has become an insufficient factor against the wave of demand in the market.

🧩 Conclusion: Careful optimism

In Bitcoin, a double hill warning of around 110 thousand dollars attracts the attention of investors. However, considering both strong corporate support and the existing macroeconomic environment, there is a low probability of collapse of 2022.

“Double ball signal has been taken, but this market is not as fragile as the previous,” says Synum.