Bitcoin Poised to Reach $100,000 as 2020 Pattern Repeats

The current price trend shows that Bitcoin seems to be repeating the historical pattern of 2020. Such price action would take Bitcoin above $100,000 in the near term.

Azcnews Bitcoin Poised To Reach $100,000 As 2020 Pattern Repeats

Bitcoin is currently trading around $95,000, with price movements remaining fairly stable over the past 24 hours as the correction subsides.

According to analysis by Mister Crypto, Bitcoin appears to be recreating a pattern that occurred in 2020, which resulted in a strong rally after surpassing $20,000.

Bitcoin History
Bitcoin History

This pattern shows that BTC typically experiences an initial rally, then drops to form a bottom, followed by a recovery that forms a symmetrical triangle pattern before making a big move. Currently, Bitcoin appears to be in the middle of this cycle. After the recent rally, the price has dropped and formed a bottom, which matches the previous cycle perfectly. If the pattern continues, this could be a signal that Bitcoin will soon conquer the $100,000 mark.

BTC NUPL, or Unrealized Profit/Loss Index, is at 0.61 and has been in the “Confidence” zone since October 14. NUPL measures the ratio of unrealized profits to losses, providing insight into market sentiment.

The 0.61 level indicates rising bullish confidence as the majority of investors remain in the red, reflecting optimism about continued price gains.

Bitcoin Nupl
Bitcoin Nupl

However, despite reaching the “Confidence” zone, BTC’s NUPL is still below the 0.7 threshold — a level that typically marks a transition into a high-risk zone. Historically, when NUPL crosses the “Confidence” zone, prices typically experience a major correction due to increased profit-taking pressure.

Read more: BitWise Seeks to Launch Multi-Asset ETF for 10 Cryptocurrencies

At its current position, BTC still has room to grow before facing major risks. This strengthens the possibility of the uptrend continuing, towards the historical target of $100,000.

Love

0.0/5

Love

Latest

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Aster Accused Of Inflating Trading Volume, Token Price Drops 10%

News | Altcoin | Editor Choice

Aster Accused of Inflating Trading Volume, Token Price Drops 10%

The decentralized exchange Aster is facing heated controversy after being accused by DefiLlama of fabricating trading volume, causing the ASTER token to plunge sharply.

Bnb Price Surges Toward $2,000 Amid Altcoin Season Boom

News | Altcoin | Editor Choice

BNB Price Surges Toward $2,000 Amid Altcoin Season Boom

BNB continues to set new records as the altcoin season ignites, with investors eyeing the $2,000 milestone amid a wave of market optimism.

Screenshot 2025 09 10 100533