Bitcoin to $75K Before a Massive Rally? Analysts See a Familiar Setup

Two analysts believe BTC could revisit the mid-$70,000 before skyrocketing. Bitcoin has struggled over the past several days, especially since it was rejected at $85,000 on Wednesday, and is fighting for the crucial $80,000 support. Ted Pillows and EGRAG CRYPTO, two of the most popular crypto analysts on X, argue that even another substantial pullback could still fit within a much larger bullish structure. Will BTC Repeat the 2022 Bottom Fractal? Earlier this weekend, Pillows noted that the primary cryptocurrency is closely following the same pattern that emerged after its November 2022 cycle bottom. He believes the summer consolidation, the subsequent rally in late August and September, and the latest correction from $87,000 to $80,000 have so far unfolded in a remarkably similar manner. He has turned his attention now to what happened during the 16th week after the 2022 bottom, when the asset suffered a sudden decline amid the US banking crisis. Pillows noted that BTC is now approaching the equivalent point in the current fractal. If history continues to rhyme, he believes bitcoin could face another sharp correction, potentially bottoming around $74,000-$75,000 in a worst-case sc...