Swyftx Chief Analyst: The likelihood of Bitcoin retracing 75% is currently low

ChainCatcher news, according to Cointelegraph, although veteran trader Peter Brandt suggested on X that Bitcoin might repeat the pattern of 2022 and pull back 75%, cryptocurrency analysts are skeptical. Swyftx chief analyst Pav Hundal stated, "Never say never; it just feels unlikely at the moment."

In November 2021, Bitcoin reached an all-time high of $69,000, but it fell about 76% over the following 12 months, dropping to around $16,195 by November 2022. The question raised by Brandt in his X post sparked widespread discussion in the community.