Core Insights - Bitcoin has experienced a significant drop of over 30% from its all-time high, highlighting the inherent volatility of the cryptocurrency market [1] - Historical price movements indicate that current fluctuations are part of Bitcoin's normal operating pattern and may precede future rallies [1][2] Price Movements - Bitcoin reached a low of approximately $80,000 before rebounding, and when it fell below $81,000, it represented a 36% decline from its peak of around $126,000 in early October [2] - As of Thursday, Bitcoin was trading at over $93,000, reflecting a 26% decrease from its record high [2] Cycles and Volatility - Bitcoin's price movements are characterized by cycles, typically following a four-year pattern linked to the halving event, which alters mining rewards [3] - The current cycle has seen a 32.7% pullback from March to August 2024 and a 31.7% decline from January to April 2025, consistent with historical trends of volatility [4] - According to Jacob Joseph, senior research analyst at CoinDesk Data, the magnitude of current volatility aligns with long-term trends observed in previous cycles [4]