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 fell approximately 76% in the following 12 months, dropping to about $16,195 by November 2022. The question raised by Brandt in his X post sparked widespread discussion within the community.