Bitcoin’s current price suggests a substantial upside potential despite recent market downturn, according to crypto researcher André Dragosch. He cites historical parallels with the COVID-19 pandemic as a key indicator for Bitcoin’s future performance. Dragosch observed that like during the initial COVID-related crash in 2020, Bitcoin is currently positioned with an asymmetric risk-reward profile, hinting at potential upside following significant price declines. This bullish outlook stems from Bitcoin mirroring the extreme risk-reward conditions seen during the pandemic and being priced based on a significantly bearish macroeconomic outlook. Dragosch notes that this reflects a similar dynamic to the period after the COVID-19 pandemic in 2020, with Bitcoin’s performance closely aligning with the global economic response and recovery.