Analyst: A 75% Correction in Bitcoin Is Unlikely at Present
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Although veteran trader Peter Brandt suggested on X that Bitcoin might repeat its 2022 pattern and retrace by 75%, cryptocurrency analysts remain skeptical. Swyftx Chief Analyst Pav Hundal stated, "Never say never; it just doesn't feel very likely at the moment." In November 2021, Bitcoin reached an all-time high of $69,000, but over the following 12 months, it dropped by about 76%, falling to around $16,195 by November 2022. Brandt's question in his X post has sparked widespread discussion within the community.
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