Strange similarity of BTC situation with March 2020; Repeating the bullish scenario of the Covid era?

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A market analyst believes that Bitcoin (BTC) is in a situation very similar to the time of the Covid pandemic and could experience a significant jump again.

Andre Dragoš, Head of Bitwise Research in Europe, says that Bitcoin’s current situation is very similar to March 2020 in terms of “risk-to-reward asymmetry”; When assets fell but then had strong growth.

According to him, Bitcoin is now pricing in a bearish period, and much of the negative news, including weak global growth and economic concerns, has already been factored into the price. Meanwhile, American officials emphasize that the country’s economy will not enter recession in 2026.

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After hitting a new record high of $125,100 on October 5, Bitcoin price faced intense selling pressure and even briefly fell below $90,000 on November 20.

However, some analysts believe that this drop is not necessarily the beginning of a bear market, and historical patterns show that such conditions have led to strong jumps 75% of the time.

At the same time, figures like Tom Lee also believe that Bitcoin can reach $100,000 again by the end of the year and even record new highs.