Wu Blockchain reports that NYDIG's analysis suggests Bitcoin's pullback structure for 2025-2026 is starting to resemble the four-year cycle corrections seen in 2014, 2018, and 2022. If price trends repeat past bear markets, BTC's low this year might fall around $38K to $39K. NYDIG notes that BTC is currently down nearly 50% from its all-time high of approximately $126K in October 2025, underperforming assets like U.S. Treasury bonds, silver, and the Swiss franc this year. https://(wublock123.com)/news/nydig-bitcoin-historical-bear-case-may-hit-38k-64719