Following the Bitcoin price crash toward $60,000 in early February, the 
question on the lips of every investor is when the bleed will end. To this 
end, a number of analysts have shared their expectations and predictions for 
where the Bitcoin bottom might be. Some have posited that the worst is over, 
while others have suggested that there are still more crashes to come. 
Following the latter trend, crypto analyst Plan C has shared why they believe 
the Bitcoin price has finally reached a bottom. Bitcoin 80-90% Crash Not 
Possible This Time Around In previous cycles, when the Bitcoin market had gone 
from a bull run to a bear market, there have been varying degrees of crashes 
that were experienced before the bottom was established. Over the last few 
bear markets, these have been around 80-90% crashes, often spurred by major 
events surrounding the market. Following this trend, expectations remain that 
Bitcoin might also see a similar crash, which would mean that the bear market 
is far from over. However, crypto analyst Plan C has combated this idea, as he 
believes that bitcoin will not repeat the exact same trend seen before. 
Related Reading: XRP Price Turns Completely Bearish, But Is A Crash To $1 
Still Possible? Instead of the 80-90% crash that is expected to put Bitcoin 
somewhere around the $25,000-$30,000 range, the analyst says that Bitcoin will 
only crash 50-60% this cycle. If this is correct, it would mean that Bitcoin 
is not far from registering a bottom at this point. Going by this, his 
forecast, this would put the Bitcoin price bottom somewhere between $50,000 
and $63,000. Given that the BTC price had previously fallen below $63,000, it 
means that the bottom might be in, or close to it. Such a deviation would mean 
that Bitcoin would no longer be following the established 4-year cycle trend. 
This is not a new theory, as analysts in the past have suggested that the 
digital asset began deviating from the 4-year cycle when it hit a new all-time 
high back in early 2024, before the halving. This was triggered by 
institutional entry through Spot Bitcoin ETFs, bringing about a new wave of 
bull runs. Related Reading: Bitcoin Price Lows: Analyst Says We’re Doomed If 
This Happen While predictions continue to fly around the crypto community and 
speculations about what price Bitcoin will bottom at, it remains a matter of 
time to see what eventually happens. For now, the bulls continue to put up a 
fight in a bid to send the price above $70,000 again. But sentiment remains 
firmly negative as the Fear &amp; Greed Index continues to sit in Extreme Fear. 
Featured image from Dall.E, chart from TradingView.com

Why The Bitcoin Price May Have Hit Rock Bottom Already At $63,000

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