Currently, the market is very different from 2021, with no significant euphoria as seen before. In 2022, economic factors like COVID-related stimulus affected Bitcoin’s performance.
Analysts, including Swyftx’s Pav Hundal and Andy Edstrom, express doubts about a severe 75% correction for Bitcoin, emphasizing the profound differences in macro fundamentals today.
Many analysts feel that Bitcoin has not yet reached its peak, and bearish sentiments may be misinterpreted. Michael Saylor claims the downturn phase has passed, asserting optimism for Bitcoin’s future.
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