Bitcoin has climbed above $100,000, showing strong signs of growth again. This upward move has brought back positive feelings among investors. A crypto expert says Bitcoin is now acting just like it did in 2020, just before it had a major bull run.
Bitcoin Is Repeating Its 2020 Pattern
On TradingView, an analyst named TradingShot pointed out that Bitcoin’s current price movement is very similar to what happened in 2020. Back then, Bitcoin started rising slowly as investors quietly bought in (called the “accumulation phase”). That happened between May and August 2020.
Now, the same kind of quiet buying seems to have happened from March to September 2024. In both cases, after this quiet period, Bitcoin’s price jumped. In 2020, it rose from under $9,000 to above $12,000. In 2024, it went from below $70,000 to over $100,000.
After the jump, both times had a few months where prices moved sideways or dropped slightly. That’s called the “distribution phase” — when some investors start selling to take profits. This happened again at the start of 2025, just like it did in late 2020.
Now, we may be seeing the second accumulation phase, which also happened in 2020. Back then, it led to a massive price increase — from $12,000 to over $60,000 in about six months. The analyst believes the same could happen again this year.
Bitcoin Breaks Key Level, May Go Higher
Bitcoin recently broke above a key level (called a pivot line) that separates the sideways movement from a new uptrend. At the time of the analysis, Bitcoin was testing around $97,000, and since then, it has moved higher — a positive sign.
The 50-Day Moving Average — a line that shows the average price over 50 days — is now around $97,100. As long as Bitcoin stays above this level, there’s a good chance the rally will continue.
The analyst also mentioned that Bitcoin’s RSI (a tool used to measure buying strength) is behaving exactly like it did during the 2020 bull run.
Could Bitcoin Hit $150,000?
If the same pattern plays out like it did before, Bitcoin might rise to around $150,000 during this cycle. Other things helping Bitcoin right now include the Federal Reserve keeping interest rates steady, which encourages people to invest in riskier assets like crypto.
Final Thoughts
Bitcoin’s current behavior is very similar to its 2020 run, and that could mean we’re heading into another big bull market. Back then, Bitcoin went from $12,000 to over $60,000 in six months. Now, with Bitcoin already over $100,000, some experts believe it could go even higher — possibly to $150,000.
But like always in crypto, it’s smart to stay cautious. Patterns don’t always repeat exactly, and prices can change quickly.
The post Bitcoin Crosses $100K – Is Another Big Bull Run Coming Like 2020? appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
