Bitcoin's current price trend closely resembles the 2022 bear market, according to economic analyst Timothy Peterson. He noted on the X platform that the correlation between this year's Bitcoin price movements and those of 2022 is 80% on the daily chart and 98% on the monthly chart. This suggests a potential recovery in Bitcoin's price might not occur until the first quarter of 2026. Despite a significant decline in cryptocurrencies over the past month, which has outpaced stock market losses, there are increasing signs of a rebound. Changes in macroeconomic sentiment could potentially trigger a "Christmas rally" for risk assets before the year ends, offering a glimmer of hope for investors.