According to ChainCatcher and Cointelegraph, although veteran trader Peter Brandt suggested on X that Bitcoin might repeat the 2022 pattern and drop by 75%, cryptocurrency analysts are skeptical. Swyftx Chief Analyst Pav Hundal stated: "Never say never; it just doesn't seem likely at the moment."
In November 2021, Bitcoin reached an all-time high of $69,000, but dropped by approximately 76% over the following 12 months, falling to around $16,195 by November 2022. Brandt's post on X sparked widespread discussion in the community.
