Bitcoin after the crash: falling knife or buying opportunity? What 13 years of price data show

Friday, November 13, 2026, 12:08 p.m. ET: Bitcoin trades at $68,760, 44.9 percent below its highest daily close on October 6, 2025. Is this a buying opportunity or a falling knife you should not try to catch? CoinMarketCap's daily prices since April 2013 give an uncomfortable answer and an encouraging one. The uncomfortable one: in six of seven earlier cases where Bitcoin first closed 45 percent below its record in a cycle, the price was lower one year later.