Wu Shuo learned that a NYDIG report says the pullback structure for Bitcoin from 2025 to 2026 is once again drawing close to the four-year cycle adjustments seen in 2014, 2018, and 2022. If the price action repeats past bear markets, this year’s BTC low could land around $38k to $39k. NYDIG noted that BTC has fallen nearly 50% from its historical high of about $126k in October 2025, and its performance this year has lagged assets such as U.S. Treasuries, silver, and the Swiss franc.

BTC-1.22%
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SnapSaver
· 7h ago
Underperforming US Treasuries and silver, Bitcoin’s safe-haven narrative has indeed been awkward this year.
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PatchNotes
· 7h ago
NYDIG keeps turning bearish every year, and every year there are people who believe it—turns out in 2024, whoever truly believed got their legs broken.
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TreasuryGate
· 7h ago
In the $38k–$39k range, it coincides exactly with the top of the 2021 bull market; technical traders should focus on defending that level.
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CrossChainBot
· 7h ago
The pullback structure looks like 2014, 2018, and 2022, but the macro environment is completely different now—don’t cling to old methods like one who tries to chart a river by marking the boat’s position.
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ReversalTrader
· 7h ago
History won’t simply repeat itself, but it does rhyme—I've noted the number 38k; whether to copy it later or not is another matter.
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