CryptoCon MAY/08/2026
According to the average Bitcoin Bear Market time (391 days), the bear market is at 55% complete. We're 216 days in.
The lowest drawdown point is still -52%, about 25% higher than the previous cycle.
So, in a cycle that has shown no signs of changing, we are still not close to typical bear market drawdown percentages and are only a little over halfway through.
The business cycle narrative is back on the rise despite the clear failure late last year, which projected new highs for BTC. This is paired with bottom calls and claims the Havling Cycles Theory is dead... again.
Let's see what happens!
According to the average Bitcoin Bear Market time (391 days), the bear market is at 55% complete. We're 216 days in.
The lowest drawdown point is still -52%, about 25% higher than the previous cycle.
So, in a cycle that has shown no signs of changing, we are still not close to typical bear market drawdown percentages and are only a little over halfway through.
The business cycle narrative is back on the rise despite the clear failure late last year, which projected new highs for BTC. This is paired with bottom calls and claims the Havling Cycles Theory is dead... again.
Let's see what happens!
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Luke Mikic:
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