Bitcoin Rebounds 40% to Around $85,000 as Historical Halving Cycle Dynamics Return

Bitcoin trades around $85,000 after surging 40% over three months, recovering from a brief dip below $60,000 in June. The rebound follows a cyclical pullback from its previous peak near $126,000, despite headwinds from Federal Reserve rate hikes and regulatory delays. Analysts note Bitcoin historically experiences three bullish years followed by a corrective year around its four-year halving cycle, pointing to pre-halving gains in 2015, 2019, and 2023. Ahead of the next halving in April 2028, Coinbase CEO Brian Armstrong projects the cryptocurrency could reach $400,000 by 2030.