Analyst: Bitcoin's trend is resembling the bottom pattern of late 2023, with $83,000 becoming a key observation point

Crypto analyst Ali Charts posted on platform X that Bitcoin's current trend is highly similar to the bottoming pattern in 2023. In 2023, Bitcoin broke the downward trend and tested the previous high in August, then retraced to around $20,000 before starting to rise.

It seems that a similar structure is forming now, with a key observation level near $83,000 around the high in May 2026.