Analysts Reject Claims That BTC Will Repeat 2022 Collapse
The post Analysts Reject Claims That BTC Will Repeat 2022 Collapse appeared on BitcoinEthereumNews.com.
Most analysts disagree, and pointed to the vastly different macroeconomic conditions today and a lack of the fear-driven catalysts like FTX’s collapse. Michael Saylor dismissed the idea of another crypto winter entirely, as he believes that Bitcoin is now on a long-term upward path. Saylor also revealed that his Bitcoin conviction was born out of the post-COVID monetary policies, which he described as a “war on currency.” Meanwhile, Swedish health tech firm H100 Group AB saw its stock surge 45% after raising $10.6 million to expand its Bitcoin treasury. Peter Brandt Questions Bitcoin Rally Veteran trader Peter Brandt started a fresh debate among crypto analysts with a speculative post on X, which suggested that Bitcoin could be mirroring its 2022 trajectory and potentially face a 75% correction. Recalling the previous market cycle, Bitcoin reached an all-time high of $69,000 in November of 2021 before plunging roughly 76% over the next year to around $16,195. Brandt asked whether a similar pattern could play out from today’s price close to $107,810, which would mean a drop to around $26,000. This level was last seen in September of 2023. Despite the historical reference, market experts are still unconvinced that such a drastic correction is on the horizon. Pav Hundal, lead analyst at Swyftx, explained that macroeconomic conditions are fundamentally different now compared to the post-COVID stimulus era of 2022. He pointed out that the current market does not share the same monetary excesses that fueled risk-on behavior back then. Bitcoin analyst Andy Edstrom acknowledged some similarities in chart structure but argued that the magnitude of a correction will likely be far less severe this time. He attributed the previous bear market’s intensity to major events like the collapse of FTX and the US Federal Reserve’s abrupt shift to a hawkish monetary policy, factors…
Filed under: News - @ June 12, 2025 9:24 am