Bitcoin’s current chart setup now matches the 2020 pattern that started a major price breakout above $6K
A new chart predicts that if Bitcoin follows the same path it could soon hit levels past $124K
Altseason followed the 2020 rebound and traders now watch for a similar run as July nears the breakout
Bitcoin’s current chart pattern appears to match the same setup seen in March 2020 before a massive altcoin rally began. According to a recent comparison posted by analyst Atlas, the 2025 war-triggered drop is developing nearly identically to the 2020 COVID crash pattern. The shared chart shows similar structures forming before what could be a sharp rebound.
Source: X
Atlas posted the analysis on June 22, 2025, highlighting three major boxed phases in each cycle. The 2020 COVID chart on the left reflects a sequence of two sharp red drops followed by a compressed sideways movement. The 2025 war chart on the right mimics the same format with a similar final wedge formation.
The chart suggests Bitcoin could reverse sharply from its current downtrend. The expected move could send prices beyond $124,000 in the coming weeks. Atlas stated the pattern in March 2020 resulted in a full reset and a 1000x altseason shortly after.
Historical Chart Match Drives Market Discussion
The shared side-by-side comparison chart has reignited interest among traders tracking large market cycle structures. Atlas, known for high-engagement content, stated the setup looks “exactly like March 2020” before a reset.
In both charts, the boxed regions represent sudden selloffs followed by sideways activity. The 2020 pattern led to a full recovery beginning in April, with Bitcoin surging past $6,000 and altcoins following.
On the 2025 side, the pattern now sits inside a downward wedge formation with Bitcoin prices ranging near $98,000. The rightmost section of the chart shows a projected bullish breakout expected to reach $124,000.
This specific chart structure has become a focal point for pattern traders. Its relevance is being discussed widely among technical analysts who value previous cycle setups. With views surpassing 240,000, the post reached many retail and institutional followers.
Bitcoin’s Next Leg: Is Altseason Coming Again?
Atlas suggested that those who spotted the 2020 pattern early made millions as altcoins followed Bitcoin’s move higher. This raises a critical question: Could altseason return if this formation plays out the same way?
The analyst indicated that Bitcoin’s rebound in 2020 triggered a wider altcoin boom that rewarded early positioning. The implication is that a similar setup in 2025 could produce equal or greater results if momentum shifts.
The expected breakout shown in the 2025 chart targets levels above $124,000. If this occurs, a rapid flow into altcoins may follow. The path drawn includes sharp upward waves after the current wedge pattern completes.
Atlas also mentioned when this setup typically triggers a new cycle, hinting that the start of altseason may follow soon after Bitcoin’s breakout. The timing remains key, with July marked as a possible turning point.
The comparisons between macro events—COVID in 2020 and war in 2025—highlight external drivers tied to these technical patterns. Analysts are watching both price and sentiment closely for early signs of reversal.
