A leading cryptocurrency analyst anticipated a potential rally for Bitcoin (CRYPTO: BTC) before a final leg down.
Will History Repeat?
In an X post on Thursday, Ali Martinez said that Bitcoin’s ongoing price action has “similarities” with the 2022 bottoming structure.
“If this holds, we could see another push higher before a final leg down,” he predicted.
The analyst shared a chart comparing the 2022 decline to $16,000 with the current 2026 consolidation in the $76,000$76,000–$77,000 range.
If the current structure replicates the 2022 pattern, Bitcoin might potentially reach a higher peak near $82,000 before plunging to lows around $56,000.