Bitcoin could hit $90,000 as long-term 2023 chart pattern draws attention

[DigitalToday reporter Yoonseo Lee (이윤서)] As bitcoin enters a breather around $80,000 after a short-term rebound, a chart analysis suggests it could revisit the low-$70,000s once more before rising further into the $90,000 range.

The Crypto Basic, a blockchain outlet, reported on Sept. 17 (local time) that bitcoin’s long-term chart currently resembles the rebound, sideways trading, liquidity sweep and renewed climb seen before a key 2023 rally.

The key point is that the current phase is closer to testing the trading range formed after a sharp drop than to the start of a full-fledged uptrend. On the chart, bitcoin plunged after peaking around $124,000 to $126,000 on Oct. 10, 2025, falling to the low-$60,000s. The deepest wick slipped to around $56,000.

The chart’s current key price zones are relatively clear. On the downside, $56,000 to $64,000 is set as the lower extreme, with $70,000 to $72,000 marked as the next major support area. On the upside, $80,000 to $84,000 is the resistance zone, and the next expansion range after a break is presented as the mid-to-late $90,000s.

The analysis puts weight on similarities with the 2023 structure. At the time, bitcoin bottomed around $16,000 and first rebounded to $24,000, then approached $30,000 to $31,000 but failed to immediately extend the trend. After being pushed back into the $24,000 to $25,000 range, it rose again and eventually climbed into the $60,000 to $70,000 zone. The analysis says a similar path is possible now, with a rebound first, followed by a check of the range top and a readjustment before the next rise.