It’s starting to feel familiar.

Bitcoin is back at a level the market once treated as unreachable — the old 2021 peak. Last cycle, the same thing happened: price revisited the previous era’s high, slipped underneath, flushed sentiment, then quietly built a floor while most people were still expecting another collapse.

Now we’ve dipped under that 2021 line, touched the low-$60Ks, and reactions look eerily similar — hesitation, disbelief, traders waiting for one more leg down that may or may not come.

If equities stay stable, this zone has the ingredients for a relief rally. If they roll over hard, Bitcoin won’t be immune.

Either way, the market is back at a point where fear and opportunity usually sit side by side.