Bitcoin Price Follows 2022 Path That Led to 8x Gain

TLDR

• Bitcoin trades near $61,900 as charts mirror the 2022 correction pattern.
• Analyst TARA identifies a repeating macro wave 2 structure on Bitcoin charts.
• The 2022 downturn followed an ABC correction from $69,000 to $15,000.
• TARA says Bitcoin may sit between wave B and the start of wave C.
• A move to $72,800 would help confirm the end of the relief rally phase.

Bitcoin trades near $61,900 as analysts compare the current pullback with the 2022 correction. Market commentator TARA outlined structural similarities between both phases on X. She said the Bitcoin price may still follow a repeating macro wave 2 pattern.

Bitcoin Price Structure Mirrors 2022 ABC Correction

TARA stated that the 2022 downturn followed a clear ABC corrective structure. She explained that wave A began after the November 2021 peak at $69,000. Bitcoin then fell to about $33,000 in January 2022.

She added that wave B created a relief rally toward $48,200 in March 2022. However, wave C pushed the asset lower to nearly $15,000 by November 2022.

TARA marked the chart region between the end of wave B and the start of wave C as the present zone. She noted that Bitcoin earlier rebounded to $82,800 in May. However, she said the market has not confirmed that level as the end of wave B.

According to her, confirmation requires a rebound to at least $72,800. She said Bitcoin must form resistance near that level. From $61,900, that move would equal roughly a 17% increase.

She emphasized that no two cycles unfold in the same way. However, she stressed that structural similarities remain visible on the chart. She said traders should observe whether price action follows the 2022 sequence.

Final Leg Lower Could Develop Quickly Again

TARA pointed to the speed of the 2022 wave C decline. She said Bitcoin dropped sharply with limited rebounds. During the first 12 weeks of wave C, BTC posted 11 red weekly candles.

She explained that price fell from $48,200 to $17,500 by June 2022. That move unfolded within weeks after the relief rally ended. She said, “The next major leg down could develop faster than many expect.”

TARA did not provide a specific downside target. However, she stressed that wave C in 2022 unfolded without clear warning signals. She said the current structure could repeat that pattern.

She also described what followed the November 2022 bottom near $15,000. Bitcoin consolidated for about nine weeks within a tight range. Price action remained steady before breaking above resistance.

After that consolidation, Bitcoin began a fresh upward phase. From the lows, the asset climbed more than 8x to $126,200 in October 2025. TARA said that rally completed the broader macro wave 2 setup.

She stated that if the structure repeats, Bitcoin could eventually move beyond the October 2025 high. At press time, Bitcoin trades around $61,900 as markets track the unfolding pattern.

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