Bitcoin is exhibiting alarmingly similar behavior this year to its bearish market in 2022, with the correlation between BTC price and the 2022 bear market now at an impressive 98%. This remarkable similarity raises concerns for investors as we approach the end of the year. Experts believe November could be one of the worst months on record for Bitcoin’s performance, echoing a trend observed in 2022. Despite this grim outlook, signs of institutional interest are emerging, particularly in the form of robust inflows into cryptocurrency exchange-traded funds (ETFs). These flows suggest a potential shift away from last month’s market downturns. Crypto analysts predict that Bitcoin’s price may not see any significant recovery until at least the first quarter of next year. This prediction stems from the striking correlation between the current trend and historical data on past bear markets.