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$BTC : ARE WE WATCHING A REPEAT OF THE 2023 STRUCTURE?
One of the most interesting things about market analysis is that price doesn't always repeat the same moves, but certain structures can offer valuable clues.
Looking at this comparison between Bitcoin's 2023 price action and its current 2026 structure, there are some similarities worth discussing.
In 2023, Bitcoin went through a major decline, established a potential bottom, shifted its market structure with a Change of Character (CHoCH), and eventually broke resistance (BoS) before continuing higher.
Now, the 2026 chart presents a potentially comparable structure.
Here's one scenario I'm considering:
- Bitcoin continues to respect its developing bullish structure.
- A corrective Wave (4) develops, potentially bringing price back toward the $73K–$75K area.
- If that zone holds and bullish momentum returns, another expansion toward the $100K–$108K region could become a possibility.
But let's be clear: this is a scenario, not a prediction or a guaranteed outcome.
The comparison becomes invalid if price loses important structural support and fails to reclaim it.
What matters most is not drawing similar-looking patterns, but watching whether price actually confirms the structure.
I'd like to hear different perspectives on this:
1. Do you see a meaningful similarity between the 2023 and 2026 structures, or is this just a visual coincidence?
2. Is a Wave (4) correction toward $73K–$75K reasonable before another potential leg higher?
3. What price level would invalidate this bullish scenario for you?
4. Do you think Bitcoin still has room for a move toward $100K+ in this cycle?
You don't have to agree with the bullish scenario. A well-supported bearish argument is just as valuable.
Let's compare market structures, not just price targets. What's your Elliott Wave count? 👇
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