Last 2 Bitcoin cycle tops lining up with current cycle peak: is this the start to a 12-month bear market, or is this time different? Bitcoin price action remains in the downtrend, confirmed by the failure to break $107k, and still unclear if the bounce at $60k is a dead cat or the start of a recovery. The burden of proof continues to remain on bulls to capture and defend ANY key level, and as of writing, that first level is the 2021/2022 cycle high. (which we are currently losing as of writing) On the topic of cycles.. I think I nailed this in December when this take was completely out of consensus from very smart people like Joe and Lyn. This is the quote from the macro timeline in December: “That said, Bitcoin’s epic 500% booms and -80% busts may be history, with flows now dominated by ETFs and institutions over mining halvings. Yet, the October 2025 flash crash, plunging $12K in a day amid $19B liquidations, right at cycle-top timing, obviously casts doubt on claims the 4-year cycle is fully dead. The “4-…