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$BTC Where is the bottom of the Bitcoin bear market? Two key time points!
Elon Musk has criticized Bitcoin again! The last time he did, Bitcoin went up. Will history repeat itself this time?
Miners are all losing money: it costs 80,000 to mine one coin, but the price is only 66,000, losing 19,000 per coin mined! Globally, 15%-20% of miners are losing money, hash rate has dropped from 1160 to 920 EH/s, and mining companies are frantically shifting to AI, signing 70 billion yuan in contracts, selling coins to pay off debts.
Historical patterns suggest the bottom:
· First time point: late May
· Second time point: late August
Then there will be several months of low volatility before a slow climb.
You can't predict the exact level, but if you had to guess? Prices fell to 48,000 in April and May, rebounded to 65,000 in June, then dropped again to 38,000 in July and August—that's the support from the two-month moving average, the historical bottom zone. Anything lower would only be a black swan.
Current market (price at 66,400):
After hitting a low of 65,500 on 3/30, the daily moving averages are in a bearish alignment, MACD has a death cross, and the price is oscillating between 66,000 and 67,000—typical of a downward consolidation. The four-hour chart shows a descending triangle, with the lower boundary at 65,000-65,500. Once broken, look for 59,800. Rebound is not the bottom; it's a trap!