Will Bitcoin repeat the 2020 pattern or experience another sharp decline?
In February 2026, Bitcoin retraced over 40% from its 2025 peak of approximately $126,000, currently hovering around the $75,000-$79,000 range (latest around $78k). Many are panicking and shouting "the cycle is dead" or "repeating the 2022 bear market."
My judgment: It won't fully repeat the 2020-2022 pattern, but in 2026 there is a high probability of another severe structural adjustment, or even a phased decline.
$BTC