$BTC Never before has BTC seen 2 consecutive years in the red.

After the great Q3, we now see Q4 in the red again.

Only three years prior, BTC has closed 3 or 4 of its quarters in the red.

2022, 2018 and 2014, all bear market years, all 4 years apart. So 2026 of course fits in nicely.

The big change this year is that unless Q4 still sends us to new lows below $58K, the actual low this year was set in Q3, not in Q4.

So in regards to the 4 year cycle, there's still some similarities and could be an okay rough guideline for a long term investment thesis. But it is clear that both price and time don't necessarily follow the exact playbook as well as it used to.