$BITCOIN : One Year After the Historic Crash — Is $120K the Next Target?
Around this time last year, Bitcoin (
$BTC ) broke above $110,000, rallying toward its all-time high of $126,000 and fueling strong bullish momentum across the crypto market.
Everything changed on October 10, when the market experienced the largest deleveraging event in crypto history. More than $19 billion in leveraged positions were wiped out within 24 hours, triggering panic selling and marking the beginning of a macro bear market.
Following that event, Bitcoin fell nearly 54% from its all-time high, reminding investors how quickly market sentiment can shift when excessive leverage builds up.
Now, with
$BTC once again showing signs of strength, the key question is whether history will repeat—or if this cycle has more room to run.
If buyers continue to defend key support levels and momentum remains strong, a move back toward $120,000 could become a realistic target. However, traders should stay cautious, as volatility remains one of Bitcoin's defining characteristics.
The coming weeks may determine whether Bitcoin is preparing for another record-breaking rally or another major market reset.
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