Analysis: BTC price recovery may occur in Q1 of next year; the current trend is highly similar to the 2022 bear market.

According to an article published on the X platform by economic analyst Timothy Peterson of Odaily Planet Daily, the current Bitcoin price movement bears a striking resemblance to the 2022 bear market. Looking at daily and monthly charts, the correlation between this year's Bitcoin price and that of 2022 is 80% on the daily chart and a staggering 98% on the monthly chart. If history repeats itself, a true recovery in Bitcoin's price may not occur until the first quarter of next year. In the past month's decline, cryptocurrencies have been significantly more impacted than stocks, but signs of a rebound are rapidly increasing. Changes in macroeconomic sentiment could still trigger a classic "Christmas rally" for risk assets before the end of the year.