Bitcoin at $78K Faces More Post-Halving Declines Per History

Bitcoin trades near $78,103, down about 43% from its October 2025 all-time high near $126,000 following the April 2024 halving. Historical cycles show peaks 12-18 months post-halving followed by deep corrections of 75-80%, with the second year often painful, suggesting potential further downside over the next year. However, spot Bitcoin ETFs approved in early 2024, plus corporate and sovereign buying, may establish a new demand floor around $62,000 lows. Coverage consistently recommends dollar-cost averaging amid short-term risks and long-term optimism.