BTC was not reached at the price of $3500 due to COVID 19, it was before COVID19 and at that time BTC was low due to the China ban and there was no major institution adopting the crypto, now we can expect if a bear market the BTC price can hit below the $30000 due to many institution adoptions of BTC and some counties adoption, so we cant expect the very low price of BTC like $3500.