Crypto analyst Ali Charts said on X that Bitcoin’s current price structure looks highly similar to the pattern seen during its 2023 bottoming phase. In his comparison, Bitcoin broke a downtrend in 2023, retested the previous August high, then pulled back to around $20,000 before starting a new move higher. He said the market now appears to be forming the same setup again. The key level to watch, according to his post, is around $83,000, which he identified as near the May 2026 high. The comment frames the current market move through a technical lens rather than introducing new on-chain or macro data, with the focus placed on whether Bitcoin follows the same sequence that Ali Charts outlined from the earlier cycle.
According to ChainCatcher, crypto analyst Ali Charts said in a post on X that Bitcoin’s current price action looks very similar to the structure seen at its 2023 bottom.
Ali Charts wrote that in 2023, Bitcoin broke its downtrend, retested the previous August high, and then pulled back to around $20,000 before beginning a rally. He said the market now appears to be forming the same structure.
He identified the key level to watch as the area near the May 2026 high, around $83,000.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
