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$BTC Where will the lowest point of this bear market be?
Price level is one aspect, but the most important is time!
A bear market lasts about a year.
October 2025 is the high point, and around October 2026 will be the low point!
The more mature the market, the narrower the maximum drawdown after a bull run:
86% (2014 bear market) → 84% (2018 bear market) → 77% (2022 bear market) → around 70% (126200*0.3=37.86k)
So the limit for Bitcoin in the 2026 bear market is around $37,860!