According to CoinShares analysts, the current trend of Bitcoin may repeat the pattern of the crash and rebound in 2020. Under the geopolitical shock caused by the tariff dispute, Bitcoin has fallen by 30% from its high in late January, and net inflows into exchange-traded funds (ETFs) have fallen by 10% from their peak.
Despite the current bearish signals on macroeconomic pressures and technical conditions, the downward trend is similar to 2020, when a strong rebound was driven by a monetary policy shift and investor optimism following a deep correction, according to analysts. While the current challenges are different from those seen during the COVID-19 crisis, the fundamental dynamics are strikingly similar, according to analysts.
Analyst: Bitcoin Could Repeat the 2020 Crash Rally Pattern
2025-04-09 15:21:57
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