Bitcoin Drops 21%, Mimicking 2019 Shutdown Pattern; Potential Rebound Looms

Bitcoin experienced a significant drop of 21% during the ongoing U.S. government shutdown, sparking comparisons to the pattern observed in 2019. Analysts believe this recent decline mirrors a similar setup that led to a dramatic 300% market rally following the 2019 government closure. Bitcoin’s current price is approaching the $100,000 mark, acting as a key support level. While the market remains volatile, analysts project a potential rebound toward the $160,000 to $170,000 range if political uncertainties ease.