LemonTrades
TL;DR
- Nobody can tell you the right day. On November 6, 2026, bitcoin was near $76,000, about 40% below its record of about $126,000 from October 2025.
- It has fallen 77% to 84% in past bear markets and later gone on to new highs, but past recoveries are no guarantee.
- If you buy, use money you can leave alone for years, keep it a small share of what you own, and consider buying in steps.
- LemonTrades tells you what moved bitcoin, and why, as it happens, with alerts on sharp moves.
Bitcoin just dropped along with tech stocks, which has a lot of people asking whether this is the moment. Here’s how to think about it.
What happened after past crashes
| Peak | Fall | Back to a new high |
|---|---|---|
| December 2017 | About −84% | About 3 years later |
| November 2021 | About −77% | About 2 years and 4 months later |
| October 2025 | About −40% so far | Not yet |
Bitcoin has come back every time so far, after long waits. That’s a short record for a young asset, and it doesn’t promise the next recovery.
The case for buying
- Limited supply: there will only ever be 21 million bitcoin.
- Easier access: spot bitcoin ETFs let ordinary brokerage accounts hold it.
- It’s down a lot: buying after big falls has paid off in the past, for those who could wait.
The case against
- It can keep falling: past bear markets went far deeper than today’s fall.
- It trades like a tech stock lately: it dropped with the Nasdaq on November 5, so it may not protect you when stocks fall.
- It pays nothing: no earnings, no dividends and no interest, so its value rests on what the next buyer will pay.
- Rates are rising: with the Fed hiking, safe bonds pay more. See when interest rates could go down.
If you do buy
- Pay off expensive debt and keep emergency savings first.
- Keep it small. Only risk what you could watch fall 80% without having to sell.
- Buy in steps, a fixed amount each week or month, instead of guessing the bottom.
- Choose how to hold it: a spot ETF like IBIT in a brokerage account, or the coin itself on a regulated exchange.
- Know the tax rules. In the US, selling crypto can trigger capital gains tax.
Is it all over for crypto? See is crypto dead? and will crypto go back up?.
Sources
- The Crypto Times: BTC slides to $75.6K after the Nasdaq rout
- CoinCentral: bitcoin slips below $76,000
- IRS: Digital assets
Education, not financial advice. Crypto is very risky, and you can lose all of your money. See our disclaimer.
