Bitcoin (BTC) is Reflects the same setup as the 2022 bull cycleThis caused the price to drop significantly to $20,000. According to market expert Crypto Bullet, this recurring structure could signal another major correction for BTC in the coming days. But this time around, the major cryptocurrency could give up nearly a quarter of its current value.
2022 Bitcoin Chart Pattern Signal Crash Above 20%
In his technical analysis released In To support his bearish outlook, the analyst presented a parallel chart comparing Bitcoin price movements in 2023-2022 and 2025-2026, highlighting similar technical patterns, price action, and moving averages (MAs).
During the 2022 cycle, Bitcoin experienced a similar pattern, starting with the following test: 100-day moving average (MA100)It is highlighted by a blue trend line on the chart. After facing rejection at that level, the price moved back to the nearby support area inside the rising channel. From there, BTC staged a sharp rally, surging to highs near $48,500 and matching the 200-day moving average (MA200), shown in orange.
But recovery did not last long. Bitcoin soon reversed course and failed to regain MA200 as support. If the price structure of cryptocurrency collapses, downward momentum It accelerated and the price underwent an even deeper correction towards the $20,000 level.
According to Crypto Bullet, Bitcoin is repeating this exact pattern in 2026. I already retested the MA100 and it was rejected and moved down to a similar area of my support. Ascending Channel. The charts also show that in both cycles, BTC reached a “market cycle peak” first around December 2023 and then again in November 2025 before collapsing and entering. integration stage.
Considering how closely Bitcoin reflects its 2022 setup, Crypto Bullet made another prediction. dramatic price collapseAt current prices, it is expected to fall more than 23.5% from near $89,500 to $68,450. Before this drop occurred, analysts predicted that BTC would experience short-term recoveryPotentially crossing the $100,000 psychological level and reaching $102,000.
Bitcoin could still rise to $92,000.
Crypto analyst Tyrex said: stated Bitcoin has been strong over the past 48 hours, with the price remaining above $89,000 for most of the period. nevertheless muted price actionHe believes BTC could soon rise to $92,000. The analyst also noted: Broader markets are in a state of fearMany traders are expecting further declines in Bitcoin.
But analysts warn that this expected decline could be a trap. He points out that a rising channel is forming on the Bitcoin chart, which has led him to adopt a more optimistic outlook despite the prevailing bearish sentiment and sideways price action.
Featured image from Unsplash, chart from TradingView
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