It’s been a rough start to November for Bitcoin (BTC) and the broader crypto market. Persistent selling pressure driven by hawkish expectations for the Federal Reserve’s upcoming rate decisions, uncertainty around the ongoing U.S. government shutdown, and other macro factors have kept prices in decline for much of the week. At one stage, BTC even briefly dipped below the $100,000 threshold.

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However, market sentiment began to shift by Nov. 5, with prices showing early signs of recovery. At the time of writing, Bitcoin had gained 2.9% on the day, trading at around $104,216.

Bitcoin has traded largely sideways throughout 2025, a trend that veteran Bitcoiner Samson Mow says could mark the beginning of a historic new phase for the asset.

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In a post on X on Nov. 5, Mow, the CEO of Bitcoin infrastructure firm Jan3, observed that “Bitcoin has been basically flat for 2025.” He suggested that if market participants still “believe in cycles,” the lack of explosive price action implies that BTC “hasn’t topped.”

Bitcoin has been basically flat for 2025. If you believe in cycles, then it hasn’t topped.

That means a longer cycle (cycle top in 2026?), or it means a generational bull run for a decade (like gold post ETF), or it means no more cycles again (Omegacycle).

Plan accordingly. https://t.co/PNqIrchWvI

— Samson Mow (@Excellion) November 5, 2025

Mow outlined three possible interpretations for Bitcoin’s current market behavior. The first is a longer cycle, where the next major price peak could arrive in 2026 rather than 2025, a deviation from the typical four-year rhythm associated with Bitcoin halving events.

The second scenario is what he described as a “generational bull run,” in which Bitcoin could experience a decade-long uptrend similar to gold’s price surge following the launch of gold exchange-traded funds (ETFs) in the 2000s.

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Mow floated a more radical possibility that Bitcoin’s cyclical nature has ended altogether, leading to what he called the “Omegacycle,” a phase defined by continuous long-term adoption and diminishing volatility.

Mow concluded the takeaway for investors is simple: “Plan accordingly.”

This story was originally reported by TheStreet on Nov 5, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.