Bitcoin's current price structure is starting to look uncomfortably similar to the March 2020 crash setup.
The comparison isn't about fundamentals—it's about technical patterns, liquidity positioning, and how markets tend to move when leverage is overextended and positioning is crowded. In March 2020, Bitcoin dropped from around $10K to $3.8K in a matter of days, wiping out years of gains in a violent deleveraging event. What followed was one of the strongest rallies in Bitcoin's history.
The current chart structure shows similar characteristics: compressed volatility, weakening support levels, and a market that's been grinding lower while participants debate whether the bottom is in. But here's what's interesting. Despite the bearish setup in the short term, the monthly trend is showing signs of a bullish flip.
That's the kind of divergence that historically precedes major moves—down first to flush out weak hands and overleveraged positions, then up aggressively once the reset is complete. The $100K target isn't arbitrary. It represents a psychological level, a liquidity cluster where stop-losses, take-profits, and institutional orders are likely stacked.
If $BTC completes a reset and begins a new uptrend, that level becomes a magnet. The question isn't whether it's possible—it's whether the market needs to go lower first to clear the decks before it can get there.