Here's this year's Bitcoin bear market lined up with others (2014, 2018, and 2022). The common thought is that the bear market drawdown is decreasing each cycle, and that's been the trend so far. -86%, -84%, -77%. Bitcoin is even ahead now of where it has been at the same point in other cycles. Current drawdown from the cycle top is - 32%, while other cycles have been 43 - 61%. But... there's a point in the bear market that percentage drawdowns unify right before the end, meaning that only the final drop really seems to matter. The unification point is in September 2026 at 35k. Based on previous timelines, the cycle bottom would be between October and November 2026. The Halving Cycles Theory projects November 2026 - January 2027. A cycle 1 bear market copy is 17k, a cycle 3 bear market copy is 28k. The bear market is about 30% complete time-wise.