Bitcoin Price Recovers After Crash
The Bitcoin price has climbed 2.87% in the past 24 hours to $115,063, signaling an early rebound from the recent crash triggered by the US–China tariff shock.
Comparison to March 2020 Crash
Analyst Ted Pillows compared the current correction to March 2020, suggesting such deep drawdowns typically occur before a strong reversal, not at market tops.
The recent BTC price structure strongly mirrors the March 2020 crash, which preceded a remarkable 1,500% rally from roughly $3,700 to $65,000 in April 2021.
Market Recovery
The broader market is showing cautious optimism as global equities and crypto recover following easing trade tensions between the two economic giants.
The latest decline from $122,000 to $107,000 created a sharp wick similar to that Covid-era bottom, reinforcing a bullish long-term Bitcoin price prediction.
Author's summary: Bitcoin price recovers after US-China trade easing.