Bitcoin has fallen roughly 50% from its all-time high of $126,198 set in October 2025. At moments like this, the question that dominates every investor’s thinking is the same: is this a buying opportunity, or are prices going lower still?

This article does not tell you what to do — that depends on your individual circumstances, risk tolerance and financial goals, and this content is not financial advice. What it does is lay out what history actually shows, both the case that supports buyers and the case that warns of more downside, so you can make a more informed decision.