Analysts: The possibility of a 75% correction in Bitcoin is currently low
Internet reports that although veteran trader Peter Brandt suggested on X that Bitcoin may repeat its 2022 pattern and pull back 75%, cryptocurrency analysts are skeptical. "Never say never; it just feels unlikely right now," said Pav Hundal, chief analyst at Swyftx. In November 2021, Bitcoin hit a record high of $69,000, but fell by about 76% in the following 12 months, falling to about $16,195 in November 2022. The issues Brandt raised in his X post sparked widespread discussion in the community.
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