Analyst Warns Bitcoin Fractal Setup Mirrors Early 2023 Pullback Pattern

Crypto analyst Ted Pillows warned that Bitcoin's current market setup closely resembles early 2023, signaling a potential pullback into the high $70,000s before the broader bull run resumes.
The comparison references early 2023, when Bitcoin rebounded from cycle lows near $16,680 following the collapses of Celsius, BlockFi, and FTX, only to face sharp corrective pullbacks before advancing toward $44,000 by year-end.
Bitcoin was trading at $83,591 after recently touching an eight-month high above $87,000, fueled by a short squeeze, steady spot ETF inflows, and improving sentiment.
Pillows disclosed taking profits at $85,000 as a risk-management measure, establishing $83,000 as the invalidation threshold for his short-term correction thesis.