On Friday, April 11, Bitcoin experienced a staggering decrease of over 25% from its historic record high price of $109,000, reached during Trump’s inauguration on January 20th. This recent downturn has prompted many in the financial community to draw parallels between the current situation and the market’s tumultuous responses during the COVID-19 pandemic in 2020.
Michaël van de Poppe, founder and manager of MN Fund, articulated this comparison in a post on X (formerly Twitter) on April 8, 2025. He likened the current market dynamics to the drastic fluctuations witnessed during the pandemic, asserting, “The markets kind of remind me of the COVID crash.” In his view, after a massive dump, Bitcoin’s prices saw an unprecedented recovery, giving rise to an 18-month bull market.
2020 BTC Bear Trap Redux?
“The markets kind of remind me of the COVID crash,” van de Poppe remarked. “Massive dump and after that we’ve actually been quickly jumping back up with #Bitcoin, resulting into an 18-month bull market.”
This observation has not gone unnoticed within the crypto community. Comments on the post indicated the sentiment that Bitcoin’s historical resilience could indeed set the stage for a significant bull run following this current correction. As van de Poppe elaborated, he suggested that investors should focus not merely on daily market fluctuations but rather anticipate market conditions six months down the line to shape their investment strategies.
“It’s not a matter of speculation where the markets will be at tomorrow. It’s rather a case of 6 months from now and build your investment thesis around it,” he noted.
Historically, Bitcoin has demonstrated strong growth over six-month periods, often yielding returns that significantly outpace average U.S. stock market investments. This trend leads many to wonder: could this current price correction mirror the events of March 2020?
“If this correction is comparable to March ’20, then we’re about to witness a strong upwards run on #Bitcoin and #Altcoins,” van de Poppe stated.
Bitcoin Price Bullish Trend Channel
In a subsequent update, van de Poppe noted that Bitcoin was approaching the $80,000 mark, a crucial threshold that could signal a potential bullish trend. He commented, “I don’t know whether we’ll be having another drop or whether we’ve seen it all. However, with the amount of liquidity being added, 6 & 12 months from now prices will be substantially higher.”
“#Bitcoin attacking $80,000 is a strong sign,” he remarked.
Indeed, less than 48 hours after his analysis on April 11, Bitcoin was trading back above $83,000, finding support levels around $78,700 and $79,000 on April 10. Such price movements might validate van de Poppe’s insights into the market’s potential recovery and growth.
In conclusion, the cryptocurrency landscape remains volatile, but historical patterns and market analysis suggest a cautious optimism. As investors navigate through this turbulent phase, the lessons learned from past events, particularly the extraordinary recovery following the COVID crash, may offer crucial insights for future strategies.
The original post titled Crypto Fund Manager Spots Repeat of 2020 Bear Trap in Bitcoin’s Price appeared first on CryptoPotato.
