Bitcoin’s Old Cycle Is Over. Data Points to One Last Window for a New ATH

Bitcoin’s latest cycle has ignited a critical debate over whether the peak arrived sooner than expected. shows the cryptocurrency reached an all-time high of $124,128 on August 14, 2025, a date that falls exactly 481 days after the April 2024 Halving.

That number is striking because it perfectly mirrors the historical average for prior cycle tops. If this date is confirmed as the peak, it marks a significant break from recent history, with Bitcoin topping out 68 days earlier than it did in 2021.

Bitcoin’s Halving events have consistently set the tempo for its market cycles. After the first Halving in 2012, it took 368 days for the asset to hit its cycle high. The next cycle extended longer, with the 2017 peak arriving 525 days after the second Halving.

The cycle following the 2020 Halving lasted even longer, setting its record 549 days later. This established a clear trend of lengthening market timelines as adoption grew. The 2025 peak, by landing on the precise 481-day average, directly challenges that established pattern.

Unlike all prior cycles, Bitcoin set a new all-time high before the April 2024 supply cut. The price hit $73,581 on March 14, 2024, an unprecedented move driven by the launch of U.S. spot Bitcoin ETFs.

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If the August 2025 high proves to be the top, this cycle will stand as the second-fastest Halving-to-ATH progression in history. However, if the current price consolidation is just a temporary phase, new highs could still emerge.

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