Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin (BTC) Eyes New ATH With Mirroring Its 2023 Rally- Will PEPE React the Same Way?

Bitcoin (BTC) Eyes New ATH With Mirroring Its 2023 Rally- Will PEPE React the Same Way?

CoinsProbeCoinsProbe2025/04/04 15:33
By:Nilesh Hembade

Date: Fri, April 04, 2025 | 09:30 AM GMT

The cryptocurrency market has continued its downtrend as Bitcoin (BTC) has dropped to $84K from its January 20 all-time high of $109K. This correction has dragged down major assets, with the third-ranked memecoin, Pepe (PEPE), taking a heavy 66% hit in the last 90 days.

However, recent analysis suggests that Bitcoin might be setting up for a bullish turnaround, potentially leading to a broader market recovery. Notably, BTC is mirroring its 2023 price action, and PEPE appears to be closely following its movements as well.

Bitcoin (BTC) Mirroring Its 2023 Price Action

According to the latest analysis by @nestayxbt , Bitcoin’s current price structure bears a striking resemblance to its 2023 rally. The chart highlights how BTC followed a similar retracement phase last year before making a strong rebound that ultimately led to new highs. If the fractal continues to play out, BTC could be nearing a crucial support level that historically triggered a reversal.

Bitcoin (BTC) Eyes New ATH With Mirroring Its 2023 Rally- Will PEPE React the Same Way? image 0 BTC Chart 2023-2025/Source: @nestayxbt (X)

This comparison suggests that BTC could be gearing up for another leg up. The key area to watch is the $80K-$82K zone, which acted as a strong accumulation range during the previous cycle. A confirmed bounce from this level could fuel another rally, potentially pushing BTC towards a new all-time high.

PEPE Following BTC’s Footsteps

As per the latest analysis by @Chandler , PEPE’s price action is mirroring BTC’s trajectory. The charts reveal that PEPE has been closely tracking Bitcoin’s movements, experiencing similar corrections and recoveries. Historically, memecoins like PEPE tend to lag behind BTC’s rally but often explode in price once Bitcoin establishes a clear uptrend.

Bitcoin (BTC) Eyes New ATH With Mirroring Its 2023 Rally- Will PEPE React the Same Way? image 1 PEPE and BTC Chart Comparison/Source: @ChandlerCharts (X)

If BTC follows its 2023 pattern and begins another bullish phase, PEPE could follow suit with a strong recovery. Key levels to watch for PEPE include a reclaim of the $0.000020 resistance, which could signal a reversal and potentially lead to a parabolic move similar to its past surges.

Final Thoughts

While Bitcoin’s drop has shaken the market, the current fractal analysis suggests that BTC is still following its 2023 pattern, which ultimately led to a major rally. If history repeats, PEPE could also benefit from Bitcoin’s resurgence, potentially setting up for a strong recovery.

However, traders should remain cautious and look for confirmations before making any moves. The next few weeks will be crucial in determining whether BTC and PEPE can turn this correction into an opportunity for another explosive rally.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!