Analysts Predict Strong Rebound for BTC and Altcoins
Analyst Ted Pillows notes that Bitcoin's recent drop mirrors the 2020 crash, potentially marking a market bottom and recovery.
Bitcoin's price rose over $114,000 following recent US-China tariff news, despite the crypto market experiencing its largest single-day liquidation over the weekend.
President Trump's 100% tariff on Chinese tech exports led to over $19 billion in leveraged positions being wiped out, causing prices to drop significantly.
Ted Pillows said such big drops usually happen before a strong market bounce.
The wider market is slowly recovering as trade tensions ease, with Ted Pillows comparing Bitcoin's recent price moves to the March 2020 crash.
Although the causes differ, investor reactions appear similar, suggesting that sharp drops usually signal cycle bottoms, not market tops.
Author's summary: Analysts predict a strong rebound for BTC and altcoins after the recent market drop.
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