Bitcoin is not making another all time high before June 2027. The October 2025 top has now remained unbroken for 329 days. Every temporary Bitcoin correction in history recovered its previous ATH within 238 days. Whenever recovery took longer, the fastest Bitcoin ever returned to its old high was 622 days. The timeline is really simple: October 6, 2025 - Bitcoin topped. June 1, 2026 - The normal recovery window expired. June 20, 2027 - The earliest recovery by any previous long term bear market. Bitcoin has always either reclaimed the old ATH within 238 days, or the recovery took at least 622 days. There has never been anything in between. We are already on day 329. The only previous Bitcoin tops that remained unrecovered for this long were 2011, 2013, 2017 and 2021. Every one turned out to be a major cycle top. At the same point in those four bear markets, Bitcoin was down a median 70.8%. Today it is down only 37.1%. So, anyone promising price discovery in 2026 is not reading Bitcoin’s history.