Bitcoin’s Performance This Year

Price Trends and Cycle Performance
‌High-level pullback‌: After hitting an all-time high of about $126k in October 2025, Bitcoin entered a downward channel. As of July 2026, the price has fallen to the $63k to $65k range, representing a pullback of more than 50% from the peak.
‌Rare consecutive declines‌: In the first half of 2026, the market’s performance was weak. Two consecutive quarters closed lower (Q1 down 22%, Q2 down 14%), for a cumulative decline of about 30%—a rare pattern that has only occurred three times in Bitcoin’s history.
‌Cycle deviation‌: The traditional “halving - explosive rally” script has shifted. The time to reach the peak has been extended, and the market generally worries that by the end of 2026 it may face further cyclical pullbacks or confirmation of a bottom.‌#比特币