Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Analyst: Bitcoin’s Sub-$50K Crash Is Like 2020 Crash Caused by Coronavirus, Bitcoin Actually Begins a Bull Market
ALTCOIN NEWS

Analyst: Bitcoin’s Sub-$50K Crash Is Like 2020 Crash Caused by Coronavirus, Bitcoin Actually Begins a Bull Market

By Crypto FlexsAugust 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analyst: Bitcoin’s Sub-K Crash Is Like 2020 Crash Caused by Coronavirus, Bitcoin Actually Begins a Bull Market
Share
Facebook Twitter LinkedIn Pinterest Email

A popular cryptocurrency strategist believes Bitcoin (BTC) is repeating the recovery seen in early 2020, when it plunged more than 50% in a week before hitting new all-time highs.

The anonymous analyst The Crypto Dog told his 811,100 followers on social media platform X that Bitcoin is likely on the verge of a new bullish rally after bouncing off its lows of $48,000 earlier this month.

“From here, I started to consider a very optimistic view of the market, comparing this crash from $70,000 to $50,000 to the COVID crash in March 2020.

Other scenarios may be possible over time, but this could be the start of a real bull market.”

About four years ago, Bitcoin crashed from $8,000 to $3,700 in just seven days as people panicked over the emergence of a global pandemic. But after the crash, Bitcoin rose to new highs within a few months.

According to The Crypto Dog, Bitcoin is expected to remain bullish as long as it holds support at $58,800.

“I think BTC will still be in a turbo bullish trend if it holds its lows.”

Source: The Crypto Dog/X

As of this writing, Bitcoin is trading at $59,400.

The analyst said he is monitoring two decentralized finance (DeFi) altcoins in addition to Bitcoin.

“BTC has made higher lows and now wants to go back to its highs.

CRV is expected to show strength just before breaking out of its one-month consolidation level.

AAVE is below trendline resistance and will revert to highs if it breaks through. It has shown a big uptrend but may not be ready yet.”

At the time of writing, CRV was trading at $0.324, up about 6% on the day, while AAVE was valued at $132.29.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025
Most Popular

Binance Futures Launches Funding Rate Arbitrage Bot with USDT Rewards

May 16, 2024

Ethereum Protocol Attackathon is underway

December 2, 2024

Solana breaks out of $210 support. How quickly can I get my $240 back?

December 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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