Bitcoin (BTC) analysts went to X this morning, setting a potential recovery roadmap from the crash up to $150,000. Together with the stock market, Bitcoin and other cryptocurrencies crashed once again, with BTC trading below $85,000 on Wednesday.
In particular, Jelle shared a Bitcoin chart pattern from 2020, which is similar to BTC’s price action since February 2025. Another memecoin analyst also shared a similar insight, saying people “are not prepared.”
Notably, both charts show Bitcoin first reaching a market top and a consolidation phase until it breaks out. The breakout, then, leads to another top and smaller consolidation, crashing aggressively toward the previous resistance, now turning into support.
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This crash and resistance/support (R/S) level retest came, in 2020, in anticipation of a massive bounce upwards. Previously, it led Bitcoin from $10,000 up to $13,300. By replicating the historical candlesticks, a bounce from the region between a $68,000 and $74,000 crash could pump the price above $150,000.
Should you buy this Bitcoin crash?
If history repeats, buying Bitcoin now could end up being a profitable decision, eyeing the upward potential highlighted by the analysts. However, there are no guarantees that the 2025 chart will replicate the 2020 fractals.
Actually, in 2020, the bounce resulted in a 33% surge, not the 100% surge suggested by simply mirroring the candlesticks.
The memecoin analyst received harsh criticism in the comment section of his post, with one user asking if “Do [people] just search for random meaningless fractals in time that [sort of] match up and then post them?”
Interestingly, Jelle responded to his own followers saying he has “no clue” and is “just observing,” when asked about what would be Bitcoin’s next movement.
In other posts, the trading expert said he continues to exit his BTC position, gradually selling at each opportunity. Moreover, he explained that the current market outlook is within “insane volatility” and “not a market you want to trade.”
Buying or not this current crash is an individual decision that should be made responsibly. If the 2020 chart plays out, there will likely be better opportunities at lower prices to load up. Nevertheless, just like the uncertainty on the upward move, the further downside potential is also not guaranteed.
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