analysts refute Peter Brandt’s scenario
The post analysts refute Peter Brandt’s scenario appeared on BitcoinEthereumNews.com.
The risk of a 75% Bitcoin crash has come back into the spotlight following recent speculations by Peter Brandt, a veteran trader who suggested a repeat of the dramatic decline of 2022. However, many crypto analysts consider this eventuality very unlikely, highlighting crucial differences between today and the situation of a year ago. Bitcoin Analysts and Peter Brandt: An Unlikely Scenario for Macroeconomic Reasons In November 2021, Bitcoin reached its all-time high around 69,000 dollars. Since then, it has undergone a severe correction, of about 76% in the following twelve months, which brought it down to 16,195 dollars by November 2022. This decline has been one of the most marked in the recent history of the most well-known financial asset in the crypto sector. Peter Brandt has reignited the debate by suggesting that Bitcoin could follow a similar negative trend. In his post on X (formerly Twitter) he asked: “Is Bitcoin following its 2022 script and preparing for a 75% drop? It doesn’t hurt to ask, does it?” If this scenario were to occur starting from the current approximately 107,810 dollars, Bitcoin could drop again to levels of around 26,000 dollars, a figure not seen since the end of 2023. Pav Hundal, head analyst at Swyftx, responded to the scenario hypothesized by Brandt, calling it “very unlikely at the moment.” According to Hundal, macroeconomic conditions have radically changed compared to 2022. In 2022, the global economy was facing the consequences of the return to normality after the pandemic. At the time, the printing monetario policies and fiscal stimuli had created a very volatile market environment. That context had significantly contributed to the strong bear of Bitcoin and other assets. Today, Hundal explains, these policies have been revised with a more restrictive and less expansive approach, which makes a drop similar…
Filed under: News - @ June 12, 2025 9:27 am