Bitcoin Crash Sparks Panic—Do We Need to Worry?

BTCUSDT closed its February candle with a strong bearish engulfing pattern. This caused panic among investors, especially newcomers. We haven't had a crash bigger than this since June 2022, when Bitcoin lost about 37% of its value over a month.


Bitcoin Crashes Aren’t New

If you’ve been in crypto for a while, you know the drill—Bitcoin pumps hard, everyone gets excited, and then, boom, a massive correction wipes out billions in minutes. It’s brutal, but it’s also nothing new. BTC has had countless crashes, sometimes dropping 30–50% before recovering and reaching new highs.


What Happens Now?

Although the monthly candle closed with a bearish engulfing pattern, it’s far from enough to signal the end of a long-term bull trend. This crash is nothing more than a correction on higher timeframes. I expect this correction to continue for at least one more leg to the downside. After that, I believe the price will find support between $60,000 and $70,000 and resume its upward trend.