Bitcoin Price Recovers from 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.
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.
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 crash.
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