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The Bitcoin four-year cycle is still intact, evidence as follows:
2012 halving → 2013 top
2016 halving → 2017 top
2020 halving → 2021 top
2024 halving → 2025.10 top (126k)
Perfectly aligns with the historical pattern of "peaking about 500 days after halving"
Although drawdowns are narrowing, the pattern remains unchanged
2013–2015: -85%
2017–2018: -84%
2021–2022: -77%
2025–2026: currently -53%
If this path repeats, then it will bottom in the fourth quarter of this year, likely forming a bottom around 5w, followed by a raging bull market. Attached is a screenshot taken three years later👇🏻$BTC