Analyst: Current BTC downturn mirrors 2022 bear market

An analysis suggests Bitcoin (BTC) is following a trajectory similar to the 2022 bear market. Cryptocurrency trader Jelle said that BTC is currently replicating the 2022 downturn. He noted that if this scenario continues, the price could see a short-term correction to the low $50,000s before entering a full-fledged bull run. Jelle also questioned whether investors would actually buy at that level, despite many claiming they would.