$BTC a just wrapped its ugliest Q1 since 2018 down nearly 24% in a single quarter.
That year? BTC followed up a brutal Q1 with an additional 49% collapse, kicking off one of crypto's most painful bear cycles.
Coincidence? Maybe. But the market has a long memory.
What's different now: institutional exposure is deeper, ETF flows are real, and macro conditions have shifted. Bulls will point to these as reasons this cycle breaks the pattern.
Bears will point to the chart.
The truth is nobody rings a bell at the top or the bottom. Q1 closed red. Q2 opens with uncertainty.
What happens at this quarterly support level will likely define the next 6 months of price action.
Shakeout or breakdown? The next candle doesn't lie.