Bitcoin halving cycles
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Bitcoin bear markets and cycle lows since 2013

Updated 10 November 2026 · data: Coinbase (live price) and historical daily closes

Each Bitcoin cycle has had a high and a long fall after it. In the completed cycles the falls were −84.5%, −83.6%, −76.7%, and each took about a year from high to low.

CycleHighLow after the highFallDays high to lowLow, days after halving
2012$1,147
4 December 2013
$177.28
14 January 2015
−84.5%406day 777
2016$19,343
16 December 2017
$3,178
16 December 2018
−83.6%365day 890
2020$67,634
9 November 2021
$15,787
21 November 2022
−76.7%377day 924
2024$124,720
6 October 2025
$58,654
30 June 2026
−53.0%267day 801 (so far)

Daily closing prices in USD. 2024 figures are so far: the cycle is not finished.

Reading the table

"Fall" is the deepest daily close after the high, compared with the high. "Days after halving" counts from that cycle's own halving (28 November 2012, 9 July 2016, 11 May 2020, 20 April 2024), so the cycles can be compared on one clock. The cycle tracker shows where the 2024 cycle stands at the same day.

See each fall in context: every cycle lined up week by week from its halving.

Compare every cycle with Pro Open the free 2024 chart

Questions

How much did Bitcoin fall in past bear markets?

From each cycle high to the deepest daily close after it: −84.5% (2013 to 2015), −83.6% (2017 to 2018), −76.7% (2021 to 2022). In the 2024 cycle the deepest close so far is −53.0%, on 30 June 2026.

How long did Bitcoin bear markets last?

From the cycle high to the low: 406 days, 365 days, 377 days. Each was about a year. Three cases is a small sample.

When did Bitcoin bottom after the halving?

Counted in days after each halving, the lows came on day 777, day 890, day 924. Today is day 934 of the 2024 cycle. This is history, not a forecast.

How is the low measured?

The deepest daily close after the cycle high, up to 500 days before the next halving, the same window the chart uses for each cycle.

Cycle tracker · Price after each halving · When past cycles made their low · Bear markets and cycle lows · Days since the halving · Next halving countdown · Is the 4-year cycle dead? · Month by month after the halving · Halving schedule to 2140 · Halving dates and FAQ · Use with Claude

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Charts and figures are for education and research. Past cycles don't predict future prices. Not financial advice.

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