Bitcoin’s chart is closely following the same structure that came before its last major recovery, pointing to a possible climb toward $100,000. A strong bullish divergence formed on the weekly chart right at the cycle low, where price made a lower low while momentum turned higher. A sharp breakout followed, matching the move seen in 2022. That rally then swept the most recent high, another step repeated from the previous cycle. The current dip appears to be a modest correction toward the recent low. A full retest of that low looks less likely this time, since many traders are already watching it and several altcoins have already cleared similar levels. If the pattern holds, the next phase would be a push to $100,000. Bitcoin slipped below $78,500 last week after the Binance hack.
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