Bitcoin traders revive Bart Simpson pattern after three years

  • Crypto traders revived discussion of the Bart Simpson pattern across Bitcoin and other cryptocurrencies.
  • 20% is the minimum Bitcoin pullback Mati Greenspan associated with a completed pattern.
  • The formation was flagged on Sept. 1, after Bitcoin climbed from $64,420 on Aug. 19.

Crypto traders are again using the Bart Simpson pattern to describe reversals in Bitcoin, XRP, ether and other assets after recent gains. The formation resembles the cartoon character’s hair: a rapid price move, a sideways consolidation and a sharp reversal. Spotters flagged the pattern on Sept. 1, at least three years after it was last discussed. Bitcoin rose from about $64,420 on Aug. 19 to roughly $78,300 on Aug. 21, then reached just under $80,700 on Aug. 25 before easing to around $76,500, according to CoinDesk data; an earlier quoted price was $76,907.09. Ben Cowen, founder of Into the Cryptoverse, told his 1.2 million followers on X that the pattern appeared to be forming. Traders remain divided, with some expecting the rally to continue and others viewing a pullback as a buying opportunity. Mati Greenspan, founder of Quantum Economics and former eToro senior analyst, said a completed pattern would imply at least a 20% Bitcoin pullback, though he doubted that outcome.

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