Chart of the month: Could bitcoin bottom around November?

Since 2011, bitcoin’s bull market tops and bear market bottoms have both tended to occur roughly 4 years apart. 

Investors who believe these 4-year cycles will continue to play out may be watching for a bottom to the current bear market to form around November later this year (the last bear market bottom occured in November 2022). 

However, keep in mind past performance is no guarantee of future results. Also keep in mind that the cycles are not precisely 4 years long, and have varied in length during each cycle.

Chart shows bitcoin's price since 2011. Bull market tops and bear market bottoms have both tended to form roughly 4 years apart, though past performance is no guarantee of future results.
Source: Fidelity Investments, as of June 2026. Chart shows bitcoin's price since 2011. Bull market tops and bear market bottoms have both tended to form roughly 4 years apart, though past performance is no guarantee of future results.

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