Bitcoin was never simply a straight upward climb. Looking back over a few market cycles, after every major surge there follows a soul-crushing, confidence-testing plunge—drawdowns of 30%, 50%, and even deeper are not uncommon in its history. This kind of deep pullback isn’t the market “breaking”; it’s the norm for high-volatility assets: the faster it rises, the harder it tends to fall back. What you should really ask isn’t “will it go down,” but how much buffer you’ve set aside for such drawdowns—position sizing, cash flow, and stop-loss levels. That matters far more than trying to guess the top or the bottom. History won’t repeat mechanically, but the rule of “high volatility leading to deeper drawdowns” will likely still hold.