Bitcoin's 33% Rebound Faces ETF, Rate and AI Tests

Bitcoin has climbed 33% over five weeks while remaining 31% below its all-time high, reviving talk of a strong 2027 built on the post-halving playbook. Bitcoin has historically bottomed four years after each halving peak, and the current cycle traces to the April 2024 halving. It fell 65% in 2022 before surging 154% the next year, and dropped 71% in 2018 before rebounding 85% in 2019. But with only three prior cycles as a sample, and spot ETFs now shaping how capital flows in and out, the pattern is an analogy rather than a predictive model.