Scottie Pippen, a six-time NBA champion, has noticed a recurring pattern in Bitcoin’s price movements that could indicate the digital currency is gearing up for a major bullish surge. In his recent update on X, Pippen posted an image drawing parallels between Bitcoin’s current trajectory and its behavior back in 2020.
Bitcoin. I’ve seen this before. pic.twitter.com/HnnE1B9Kzc
— Scottie Pippen (@ScottiePippen) February 20, 2026
Echoes of 2020 Emerging in 2026
The screenshot shared by Pippen illustrated how Bitcoin underwent a significant correction following an impressive rally before reversing course to embark on one of its most historic upward trends. Alongside conversations comparing $BTC price patterns from both periods, the basketball legend pointed out that today’s Bitcoin levels mirror the foundation established during the 2020 phase—hinting at another potential breakout ahead.
For additional insight: Bitcoin Price Forecast: $BTC Climbs to $67,794 Despite Worst Start to First 50 Days Ever Recorded
The historical data referenced showed that after hitting support around September 2020, Bitcoin surged over 550%, marking a pivotal moment as it surpassed $20,000 for the first time and set sights on even loftier valuations.
BTCUSD Monthly Chart via TradingView
Could Bitcoin Reach $430K?
According to TradingView figures, Bitcoin is currently trading near $68,202—a level coinciding with the peak of its remarkable rally during late 2020 and early 2021—which now serves as robust support. Given past trends and technical analysis principles, this zone represents an ideal point for reversal momentum to build. If history repeats itself as suggested by Pippen’s comparison charting another similar upswing could propel BTC toward new all-time highs around $430,000.
This forecast might seem ambitious; however considering recent months’ market behavior along with key indicators such as rising network activity and growing institutional interest—it remains plausible that Bitcoin is accumulating strength for yet another substantial bull run—a hallmark trait since its inception.
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