According to @rovercrc, analysis from Sygnum Bank's Head of Investment Research, Katalin Tischhauser, suggests that while a potential Bitcoin (BTC) double top pattern above $100,000 warrants caution, a 2022-style price crash is unlikely without a major black swan event. Tischhauser highlights that the current bull cycle's resilience is driven by sticky, long-term institutional capital flowing through spot ETFs, which have seen over $48 billion in net inflows. This institutional demand is creating significant price support and altering market dynamics, potentially making the traditional four-year halving cycle obsolete. While the technical setup, with peaks near $110,000 and a support neckline around $75,000, could imply a breakdown risk, Tischhauser argues that strong fundamentals from institutional adoption provide a robust buffer. Meanwhile, the broader market shows signs of short-term profit-taking, with major altcoins like Ether (ETH), Dogecoin (DOGE), and Solana (SOL) cooling off near local resistance levels despite improving macroeconomic conditions.

According to Katalin Tischhauser, the double top pattern in Bitcoin (BTC) above $100,000 warrants trading caution as it signals potential bearishness, but a full price crash is unlikely without a black swan event like the Terra or FTX collapses. Tischhauser notes that institutional flows, including over $48 billion in net inflows to spot bitcoin ETFs, provide strong price support and resilience, potentially ending the halving cycle's influence due to reduced miner selling pressure.