The Bitcoin chart is closely following the same structure before its last major rebound, indicating that prices could rise to $100,000.

On the weekly chart, a strong bullish divergence formed near the cycle lows: prices reached lower lows, yet momentum turned higher. Subsequently, there was a rapid breakout that echoed the trend of 2022. The subsequent rebound then surpassed the recent highs, which is another repetitive step from the previous cycle.

The current pullback seems to be just a mild correction towards the recent low point. Since many traders are already paying attention to this level, and several altcoins have already broken through similar levels ahead of time, the likelihood of this time fully testing that low point seems even lower.

If this pattern remains unchanged, the next stage will be to move towards $100,000. Last week, after Binance was hacked, Bitcoin briefly fell below $78,500.

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