Bitcoin's 2025 Chart Pattern Mimics 2020 Surge Setup, Targets $124,000

Coin WorldMonday, Jun 23, 2025 9:28 pm ET
1min read

Bitcoin’s current chart pattern mirrors the setup seen in March 2020, which preceded a significant price surge and an altcoin rally. According to an analysis by Atlas, the 2025 war-triggered drop is following a similar trajectory to the 2020 COVID crash pattern. The chart comparison shows identical structures forming before a potential sharp rebound.

Atlas highlighted three major phases in each cycle. The 2020 COVID chart on the left shows two sharp red drops followed by a compressed sideways movement. The 2025 war chart on the right replicates this format with a similar final wedge formation. This pattern suggests that Bitcoin could reverse sharply from its current downtrend, potentially sending prices beyond $124,000 in the coming weeks. According to Atlas, the pattern in March 2020 resulted in a full reset and a 1000x altseason shortly after.

The side-by-side comparison chart has sparked interest among traders who track large market cycle structures. Atlas noted that the setup looks “exactly like March 2020” before a reset. In both charts, the boxed regions represent sudden selloffs followed by sideways activity. The 2020 pattern led to a full recovery beginning in April, with Bitcoin surging past $6,000 and altcoins following. On the 2025 side, the pattern now sits inside a downward wedge formation with Bitcoin prices ranging near $98,000. The rightmost section of the chart shows a projected bullish breakout expected to reach $124,000.

This chart structure has become a focal point for pattern traders, with its relevance being widely discussed among technical analysts who value previous cycle setups. The post reached many retail and institutional followers, with views surpassing 240,000.

Atlas suggested that those who spotted the 2020 pattern early made millions as altcoins followed Bitcoin’s move higher. This raises the question: Could altseason return if this formation plays out the same way? The analyst indicated that Bitcoin’s rebound in 2020 triggered a wider altcoin boom that rewarded early positioning. The implication is that a similar setup in 2025 could produce equal or greater results if momentum shifts.

The expected breakout shown in the 2025 chart targets levels above $124,000. If this occurs, a rapid flow into altcoins may follow. The path drawn includes sharp upward waves after the current wedge pattern completes. Atlas also mentioned that this setup typically triggers a new cycle, hinting that the start of altseason may follow soon after Bitcoin’s breakout. The timing remains key, with July marked as a possible turning point.

The comparisons between macro events—COVID in 2020 and war in 2025—highlight external drivers tied to these technical patterns. Analysts are watching both price and sentiment closely for early signs of reversal.

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