Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

2025-05-19

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19

Coinbase confirms Doj research after a major security incident

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Analyst Compares Bitcoin’s Collapse Below $50,000 to 2020’s COVID-induced Crash and Sees BTC Actually Starting a Bull Run
Analysis

Analyst Compares Bitcoin’s Collapse Below $50,000 to 2020’s COVID-induced Crash and Sees BTC Actually Starting a Bull Run

2024-08-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its recovery from early 2020, when it crashed more than 50% in one week before recovering to new highs.

Pseudonymous analyst The Crypto Dog tells According to its 811,100 followers on social media platform

“From here I started to consider a very bullish view of the market, comparing this $70,000-$50,000 breakdown to the Covid crash [of] March 2020.

Time will tell, open to other scenarios, but this could be the very beginning of the actual bull run.”

About four years ago, Bitcoin fell from $8,000 to around $3,700 in just seven days as people panicked during the rise of the global pandemic. But after the collapse, Bitcoin rose to new highs within months.

According to The Crypto Dog, Bitcoin looks strong as long as the support remains at $58,800.

“I think BTC is still turbo bullish if the lows hold.”

Image
Source: The Crypto Dog/X

At the time of writing, Bitcoin is trading at $59,400.

On top of Bitcoin, the analyst say he oversees two decentralized finance (DeFi) altcoins.

“BTC has made a higher low and is now looking to get back to the highs.

CRV bullish is about to break out of a nearly month-long consolidation.

AAVE below trendline resistance, a break sends back to highs, may not be done yet even though it has had a big run.

At the time of writing, CRV is trading at $0.324, up almost 6% on the day, while AAVE is worth $132.29.

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

Follow us further X, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

See also  Bitcoin retains 80-85% of the ETF market share -Analyst reveals how
2020s Analyst Bitcoins BTC Bull Collapse compares COVIDinduced Crash run Sees Starting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

2025-05-19

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Nexchain leads together with BTC Bull Token

2025-05-19

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Bitcoin continues to leave the exchanges as supply falls to the new 2024 low

2024-08-30

How will the recent integration of Chainlink stimulate the hashkey chain?

2025-03-14

Network3 partners with Mask Network to drive Web3 integration

2024-07-11
Editors Picks

Dogecoin Price (DOGE) Poised for New Gains: Can It Rise Higher?

2024-08-13

Apple’s new “Personal Voice” AI feature lets you clone your voice

2023-08-10

Crypto analyst says that Solana Rival Biding Time Before the next movement, Outlook updates on Bitcoin

2025-01-31

XRP Burn Hits Major Milestone, Can the Burns Push Price to $1?

2024-01-12

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

Coinbase confirms Doj research after a major security incident

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,769.79-0.46%
  • ethereumEthereum(ETH)$2,535.233.04%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.38-1.27%
  • binancecoinBNB(BNB)$650.780.20%
  • solanaSolana(SOL)$168.05-1.43%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.225363-2.09%
  • cardanoCardano(ADA)$0.74-1.01%
  • tronTRON(TRX)$0.2663850.50%
  • suiSui(SUI)$3.87-0.27%
  • chainlinkChainlink(LINK)$15.840.99%
  • avalanche-2Avalanche(AVAX)$22.32-1.89%
  • stellarStellar(XLM)$0.286088-1.32%
  • hyperliquidHyperliquid(HYPE)$26.55-0.67%
  • shiba-inuShiba Inu(SHIB)$0.000015-1.56%
  • hedera-hashgraphHedera(HBAR)$0.194153-0.57%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.45%
  • bitcoin-cashBitcoin Cash(BCH)$393.33-2.90%
  • the-open-networkToncoin(TON)$3.03-2.50%
  • litecoinLitecoin(LTC)$98.53-1.18%
  • polkadotPolkadot(DOT)$4.61-2.61%
  • moneroMonero(XMR)$343.902.06%
  • bitget-tokenBitget Token(BGB)$5.210.59%
  • pepePepe(PEPE)$0.000013-3.10%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.74-0.77%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$251.5810.45%
  • uniswapUniswap(UNI)$5.96-1.12%
  • bittensorBittensor(TAO)$413.02-1.51%
  • nearNEAR Protocol(NEAR)$2.78-0.99%
  • aptosAptos(APT)$5.221.48%
  • okbOKB(OKB)$52.45-1.04%
  • ondo-financeOndo(ONDO)$0.93-1.28%
  • kaspaKaspa(KAS)$0.108359-1.98%
  • ethereum-classicEthereum Classic(ETC)$18.49-0.08%
  • internet-computerInternet Computer(ICP)$5.21-1.07%
  • gatechain-tokenGateToken(GT)$21.51-1.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-2.19%
  • crypto-com-chainCronos(CRO)$0.096113-2.83%
  • mantleMantle(MNT)$0.73-1.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233272-2.40%
  • vechainVeChain(VET)$0.028114-1.99%
  • render-tokenRender(RENDER)$4.57-1.17%
  • ethenaEthena(ENA)$0.372673-3.04%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.222772-1.05%
  • filecoinFilecoin(FIL)$2.86-0.47%
  • arbitrumArbitrum(ARB)$0.3925910.66%
  • bitcoinBitcoin(BTC)$105,769.79-0.46%
  • ethereumEthereum(ETH)$2,535.233.04%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.38-1.27%
  • binancecoinBNB(BNB)$650.780.20%
  • solanaSolana(SOL)$168.05-1.43%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.225363-2.09%
  • cardanoCardano(ADA)$0.74-1.01%
  • tronTRON(TRX)$0.2663850.50%
  • suiSui(SUI)$3.87-0.27%
  • chainlinkChainlink(LINK)$15.840.99%
  • avalanche-2Avalanche(AVAX)$22.32-1.89%
  • stellarStellar(XLM)$0.286088-1.32%
  • hyperliquidHyperliquid(HYPE)$26.55-0.67%
  • shiba-inuShiba Inu(SHIB)$0.000015-1.56%
  • hedera-hashgraphHedera(HBAR)$0.194153-0.57%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.45%
  • bitcoin-cashBitcoin Cash(BCH)$393.33-2.90%
  • the-open-networkToncoin(TON)$3.03-2.50%
  • litecoinLitecoin(LTC)$98.53-1.18%
  • polkadotPolkadot(DOT)$4.61-2.61%
  • moneroMonero(XMR)$343.902.06%
  • bitget-tokenBitget Token(BGB)$5.210.59%
  • pepePepe(PEPE)$0.000013-3.10%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.74-0.77%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$251.5810.45%
  • uniswapUniswap(UNI)$5.96-1.12%
  • bittensorBittensor(TAO)$413.02-1.51%
  • nearNEAR Protocol(NEAR)$2.78-0.99%
  • aptosAptos(APT)$5.221.48%
  • okbOKB(OKB)$52.45-1.04%
  • ondo-financeOndo(ONDO)$0.93-1.28%
  • kaspaKaspa(KAS)$0.108359-1.98%
  • ethereum-classicEthereum Classic(ETC)$18.49-0.08%
  • internet-computerInternet Computer(ICP)$5.21-1.07%
  • gatechain-tokenGateToken(GT)$21.51-1.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.79-2.19%
  • crypto-com-chainCronos(CRO)$0.096113-2.83%
  • mantleMantle(MNT)$0.73-1.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233272-2.40%
  • vechainVeChain(VET)$0.028114-1.99%
  • render-tokenRender(RENDER)$4.57-1.17%
  • ethenaEthena(ENA)$0.372673-3.04%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • algorandAlgorand(ALGO)$0.222772-1.05%
  • filecoinFilecoin(FIL)$2.86-0.47%
  • arbitrumArbitrum(ARB)$0.3925910.66%