The encrypted currency market was hit hard in October 2025 and entered the bear market, which has been difficult to recover in recent months. Bitcoin (BTC) reached a new high of $126,080 in October 2025, but then fell by almost 50 per cent.
Prepare for the next encrypted cow.
The emergence of the bear city is linked to macroeconomic uncertainty and increased geopolitical tensions. By the end of 2025, investors ' confidence in high-risk assets had weakened and funds had begun to be diverted to safer investments, such as gold. A few months ago, there was also a liquidity contraction in the market, especially before the much-anticipated SpaceX first open collection unit (IPO).
The encrypted money market is cyclical. Despite the current market downturn, it is expected that the warming will gradually return in the coming years. Bitcoin (BTC) follows a four-year cycle, with a new high every four years. Bitcoin experienced a return after peaking in 2017, again surpassing $68,000 in 2021 and again at a new high in 2025.
According to expert Anthony Scaramucci, Bitcoin is following its four-year model. If this pattern continues, bitcoin is expected to reach a new high in 2029. However, the journey to the peak usually begins one year before the peak. As a result, the next round of cattle markets could appear in 2028.
Possible future price fluctuations
Although cattle markets are expected to arrive in 2028, the encryption market is likely to return this year. According to Jiang Zhuoer, a well-known Chinese Bitcoin miner, Bitcoin could fall between $42,000 and $44,000 later this year.