Analyst Says Bitcoin Is Repeating 2022 Pattern That Preceded 385% Rally if $65K Support Holds

Analyst Merlijn The Trader argues that bitcoin's current structure mirrors late-2022 price action that preceded a move from $15,000 to $73,000, implying a potential 385% rally above $300,000 if the pattern plays out. He contends that BTC must hold the $65,000 level to complete its base, while another analyst, Doctor Profit, views the recent rise to $74,000 as a temporary "fake pump" before new lows. Bitcoin has twice been rejected at $74,000 in roughly ten days and is now struggling to stay above $70,000 amid a market still dominated by fear.