Bitcoin's October 10 Correction Mirrors 2020 Pre-Bull Run Pattern

2025-10-15 18:32

Bitcoin's recent 18% drop on October 10 is drawing comparisons to the 2020 crash that preceded a significant bull run, according to an analyst cited by Finbold. The current decline, although less severe than the 63% fall in 2020, exhibits a similar technical setup. Bitcoin has dipped below its 50-day and 200-day moving averages, with the Relative Strength Index (RSI) entering oversold territory, suggesting a potential reversal. If historical patterns hold, this correction could set the stage for a long-term rally towards $150,000. As of the latest data, Bitcoin is trading at $112,562, slightly under the 50-day SMA but maintaining its position above the 200-day SMA, indicating that the broader uptrend remains intact.

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