Bitcoin market trends mirror 2022, raising risks of a post-rebound decline

According to a report by CoinDesk on Sept. 17, Bitcoin's current market trajectory shows similarities to the period following the Fed's first rate hike in March 2022. With Bitcoin down approximately 40% from its October high of $126,000, analysts note a parallel to the 2022 cycle where the asset experienced an 18% rebound over 12 days before declining by 50%. Market participants are warned of a potential 'rebound followed by a drop' scenario, though historical comparisons remain limited.