Past market cycles follow this same pattern. Bitcoin formed a major low near $2 in 2011, followed by another bottom around $170 in 2015. The next cycle low appeared near $3,800 during the 2020 market crash.
ATH Retest Pattern Reappears As Bitcoin Holds Key StructureAccording to the chart he posted, Bitcoin’s previous cycle saw the market break above the 2017 ATH before retesting that breakout zone as support. After holding that level, the market resumed its upward trend and rallied from roughly $17,000 to nearly $69,000. The analyst argues that a similar structure has appeared again.
