A crypto analyst has discovered a striking similarity between two separate Bitcoin charts from 2020 and 2023. The analyst compared the price trends and found that they closely matched, suggesting that if Bitcoin continues to follow this trend, it could be very bullish for the price.

The first chart comparison showed similarities in market movements between the two years, with dips and recoveries occurring at almost the same angles. In a follow-up post, the analyst revealed an even more glaring similarity in the price movements from the last six months of the year. Both charts started with a low trail, followed by a surge in August. Dips occurred in September, followed by recoveries, and another recovery happened in November.

If this trend continues, it could indicate a bullish outlook for Bitcoin. In 2020, a similar trend marked the beginning of the last bull run, with the price continuously rising from December 2020 into 2021, surpassing its previous all-time high. A repeat of this trend would suggest that the recent dip below $41,000 was only temporary, and the price could break above $45,000 again before correcting downward. The chart also indicates a potential push toward $50,000, resulting in at least a 20% increase by 2024.

This similarity is significant because the 2020 surge kickstarted another bull market, suggesting that Bitcoin could be heading into another bull run. However, it’s important to note that this analysis is for educational purposes only, and investing in Bitcoin carries risks. Conducting thorough research before making any investment decisions is advised.