Bitcoin's Recent Drop Mirrors 2020 Crash
Analyst Ted Pillows notes that Bitcoin's recent price drop resembles the March 2020 crash, despite different causes.
The 2020 crash was triggered by the global pandemic, while the 2025 decline was caused by macro tariff announcements, including President Trump's 100% tariff on Chinese tech exports.
Such big drops usually happen before a strong market bounce.
The crypto market saw its largest single-day liquidation over the weekend, with over $19 billion in leveraged positions wiped out, but is slowly recovering as trade tensions ease.
Ted Pillows compared the Friday shock to the 2020 crash, overlaying BTC charts, which suggests that sharp drops usually signal cycle bottoms, not market tops.
Bitcoin rose over $114,000 after the recent US-China tariff news, indicating a potential strong rebound for BTC and altcoins.
Author's summary: Bitcoin's drop may mark a market bottom.
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