Will Bitcoin Never Set Another All-Time High? Analysts Debate On X

Bitcoin price fell below $68,000 on November 13. The price now sits more than 45% below its record high of $126,080.

Some analysts are saying that the peak will never return. However, other traders see a bottom forming soon.

Is Bitcoin's Record High Gone for Good?

Bitcoin's slide from its $126,080 peak has fueled intense debate. Some traders view it as a healthy pullback within a bull market. Others fear a more permanent shift.

Analyst Z believes Bitcoin will never revisit it.

"Mark my words. You will never see another Bitcoin all-time high in your lifetime," he wrote in a widely shared post on X.

According to the analyst, the investment environment has changed:

• Higher interest rates discourage leveraged speculation.

• Meanwhile, AI companies and new listings such as SpaceX now compete for capital.

Moreover, he described a reported $6.3 billion Binance-related incident as the symbolic end of an era.

Those claims remain highly contested. Still, the post quickly drew wide attention among crypto traders.

"Type of tweets you see at the bottom. I've also never seen a good take starting with 'mark my words'. See you at the next ATH," The Crypto Monk replied.

Could Bitcoin Be Near a Bottom Instead?

Not everyone agrees. Michaël van de Poppe acknowledged the severity of the correction. Still, he suggested that a bottom could form within a day or two.