Bitcoin’s drop below $92,000 in November 2025 has brought renewed attention to the “four-year cycle,” which analysts describe as a form of “self-fulfilling prophecy.” The cryptocurrency has fallen more than 26% from its record high reached in October.
Analysts at Bernstein, led by Gautam Chhugani, interpret this decline as a “self-fulfilling prophecy” that is driving a broader Q4’25 sell-off. They expect a short period of consolidation before Bitcoin forms a new local bottom, potentially near the $80,000 level. Additionally, 10X Research reported that the $93,000 level is critical, as losing this support could trigger rapid liquidity-driven sell-offs.
