Analysts Say Bitcoin Mirrors 2020 Crash, Predict Strong Rebound for BTC and Altcoins
Analyst Ted Pillows notes that Bitcoin's recent drop is similar to the 2020 crash, potentially marking a market bottom and recovery.
Bitcoin's price rose over $114,000 after recent US-China tariff news, following a significant single-day liquidation of over $19 billion in leveraged positions.
Such big drops usually happen before a strong market bounce.
Ted Pillows compared Bitcoin's recent price moves to the March 2020 crash, despite different causes, and noted similar investor reactions.
- The 2020 crash was triggered by the global pandemic.
- The 2025 decline was caused by macro tariff announcements.
Overlaid BTC charts suggest that sharp drops like the Friday shock usually signal cycle bottoms, not market tops.
Author's summary: Bitcoin may rebound strongly after crash.
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