Ark Invest: Bitcoin Bull Market Cycle May Have Entered Late Stage

Ark Invest pointed out in its latest Q3 2025 Bitcoin Quarterly Report that, based on the patterns of the past two halving cycles, Bitcoin typically reaches its price peak approximately 530 days (around 18 months) after the halving date. Specifically, Bitcoin's price peaked at $19,587 in December 2017 and at $67,589 in November 2021. Given that April 20, 2024, was the most recent halving date, it is now approaching the 18-month mark. This suggests that, according to cyclical patterns, Bitcoin's current bull market cycle may have entered its late stage.