Bitcoin approaches 365 days without a new all-time high

Bitcoin is heading towards a full year without a new all-time high. That is striking, because in previous cycles the price reached a new record shortly after each halving. An analyst at CryptoQuant argues that this pattern is shifting, but at the same time sees another trend that may give investors hope.

In brief:

• Bitcoin is approaching 342 days without a new all-time high, the longest dry spell in recent cycles
• The time between a cycle peak and a new record is getting shorter with each cycle
• The next Bitcoin halving is scheduled for April 2028

Pattern after halving appears to be shifting

In earlier Bitcoin cycles, a new all-time high was set almost automatically shortly after a halving. That mechanism now appears to be less self-evident. The counter currently stands at 342 days without a new record, and at the current pace the 365-day threshold will soon be reached.

The analyst behind the chart notes that the next halving is expected around April 2028. Until then, investors therefore should not necessarily count on a halving-driven breakout.

Recovery between cycles is getting faster

At the same time, the data points to another development: the period between the peak of a cycle and the reaching of a new all-time high is getting shorter with each cycle. Between the peaks of 2014 and 2017 there were 1,180 days. From 2017 to 2020 that was 1,094 days. And from 2021 to 2024 the period amounted to just 849 days.

If that shortening continues, Bitcoin could set a new record faster than ever in the current cycle. It remains a pattern from the past and not a guarantee, but according to the analyst the trend is clear enough to take seriously.