Was Bitcoin’s $126K Peak on October 6 the Final Top of This Cycle? (Poll)

Uptober started with a bang as BTC added over $15,000 in just days, blasted through its August 2025 all-time high, and charted a new one at just over $126,000.

However, it has been mostly downhill since then, especially in the past 8 days. In fact, BTC lost over $23,000 in the span of a week before it recovered slightly to $107,000 as of press time. Still, it’s down by nearly $20,000 since its October 6 peak. The question, which has garnered some attention in the cryptocurrency community now, is whether the top for this bull cycle is in.

PlanB raised it in a recent poll, and the results showed that 68% of the 36,089 voters believe this is not the case and BTC has more room to grow during this cycle.

However, a previous poll by the popular Bitcoin commentator and the person behind the BTC Stock-to-Flow model indicated that 62.9% of 30,833 voters believe the cryptocurrency will eventually drop below the coveted $100,000 mark. As such, he asked what people’s reasoning is behind a significant drop or a bear market from here.

While some relied on historical performances to try to determine how long after a halving BTC peaks, others brought up liquidity architecture. Adlegoff84 said BTC’s price “no longer reflects organic demand; it reflects the timing of institutional liquidity operations.”

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