• Bitcoin prints bullish pattern similar to events of the 2023 rally. 
• Analyst expects BTC price to pump soon. 
• Bitcoin could be heading into its next leg up.

As the price of BTC continues to trade in 6-digit prices, the crypto community grows anxious about bullish or bearish follow-through. At the moment, expectations for both possibilities are growing, with several indicators supporting both possibilities. At present, one bullish indicator has one analyst excited. According to him, Bitcoin prints bullish pattern similar to the events of the rally in 2023.   

Bitcoin Prints Bullish Pattern Similar to 2023 Rally

According to this analyst, Bitcoin just did the same thing it did before every major rally since 2023. Could this be an indicator for a bullish reversal, or will this time be different, or push BTC is a bearish phase? In the eyes of this analyst, a bullish result is likely. Let’s take a closer look at what this indicator is and how the price of Bitcoin and the rest of the crypto market will respond.

As we can see from the post above, the analyst confirms that Bitcoin has once again closed a weekly candle above the EMA 50, a level that has acted as the backbone of every major uptrend for nearly 2.5 years. This line has been tested multiple times in August 2024 and again in April 2025. Both times, Bitcoin dipped below it briefly before reclaiming it on the weekly close and launching into a new leg higher. 

Now, we’re seeing that same pattern form again. On the RSI, Bitcoin is still holding its multi-year support zone. Momentum has cooled, but there’s no sign of breakdown. Each time RSI reached this level in the current cycle, it marked the end of the corrective phase and the start of the next expansion. The MACD is also resetting near its historical reversal zone, the same zone that triggered rallies in early 2023, late 2024, and again in Q2 2025. 

That’s a signal of exhaustion in selling pressure, not the start of a new downtrend. Structurally, the corrective move looks complete. From the $126,000 peak, Bitcoin has already retraced nearly 20%, which aligns perfectly with the average correction size in every impulsive wave since the cycle began. When you overlay all these signals EMA 50 reclaim, RSI support, and MACD reversal zone, the structure looks identical to the setups that preceded every major breakout since 2023. 

BTC Price Could Pump to New ATH

This could mean that the market isn’t breaking down, but is rather resetting. There could still see a few more weeks of sideways consolidation as Bitcoin stabilizes above the EMA 50, just like it did after the April 2025 correction. But once this range matures, the next expansion phase could begin. This would mark wave 5 of the current structure, with potential targets in the $160,000 to $180,000 range by Q1 2026. 

The post concludes by saying that technically, everything still points toward continuation, not collapse. Also, the US government shutdown is expected to end this week. Once this happens, the Treasury will start injecting billions in liquidity that has been sitting in the TGA balance. Along with that, QT will be over in 3 weeks, and Trump is calling for $2,000 dividend checks to Americans. All these factors, combined with technical analysis, could begin the next leg up for BTC.

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