TechFlow, November 30 — According to Cointelegraph, economic analyst Timothy Peterson posted on X stating that the current Bitcoin price movement bears a striking resemblance to the 2022 bear market. From daily and monthly charts, the correlation between this year's and 2022's daily Bitcoin prices stands at 80%, while the monthly correlation reaches as high as 98%. If history repeats itself, a genuine recovery in Bitcoin's price may not occur until next year's first quarter. Over the past month, cryptocurrencies have experienced significantly greater declines than stocks, but rebound signals are now rapidly increasing. A shift in macro sentiment could still trigger the classic risk-asset "Santa rally" before year-end.
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