Veteran trader Peter Brandt has speculated that Bitcoin (BTC) could experience a significant correction of up to 75%, reminiscent of past market cycles. Brandt shared his perspective on X, suggesting that "80% of the exponential energy of each successful bull market cycle has been lost," which could imply a major downturn in Bitcoin's price. This prediction has sparked an active debate within the crypto community, with analysts and traders weighing in on the plausibility of such a steep correction.
Despite Brandt's warnings, several crypto analysts consider the 75% crash scenario unlikely. Swyftx lead analyst Pav Hundal emphasized that current macroeconomic fundamentals differ markedly from those in 2022, when Bitcoin dropped about 76% from its all-time high of $69,000 to around $16,195. The economic environment then was influenced by COVID-era stimulus and monetary policies that are substantially different today.
Analyst Andy Edstrom acknowledged Brandt's reasoning but argued that a correction of such magnitude may not materialize, citing factors such as a less severe dip between recent double tops and the stabilization of macro conditions. Collective Shift's Simon Amery further noted the evolving monetary policy landscape, which contrasts with the earlier hawkish stance from the US Federal Reserve that contributed to previous declines.
Meanwhile, Bitcoin maximalist and Strategy co-founder Michael Saylor dismissed fears of an imminent major drawdown, asserting that a price peak has not yet occurred and asserting an optimistic outlook for Bitcoin's future valuation. The discussions come as Bitcoin trades near a recent all-time high of approximately $111,970, with market participants closely monitoring price trajectories for signs of upcoming volatility.
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