Why do I think this round of bear market BTC bottom is around 60,000???

Looking at $BTC , this round's bull market peak actually doesn’t differ much from the 2021 bull market peak trends, the only difference is that this time BTC has repeatedly enticed buyers at the top, but from a monthly perspective, there's basically not much difference, which is a normal performance, after all, history does not simply repeat itself.

Now, let's take a look at the bear market performance, BTC dropped to 15,000 during the 2022 bear market, while the bull market peak in 2017 was 20,000, breaking below the previous bull market peak down to 15,000, so by analogy, this round of bear market BTC will likely break below the previous bull market peak which is 70,000, but after breaking the peak, the drop won’t be too large, so estimating a bottom at around 60,000 is a reasonable valuation.

Of course, many people might think I'm being overly cautious, but I believe this industry is getting larger and larger, and we can’t use the traditional thinking of a 90% drop in previous bear markets to view the current situation, anyway, my personal plan is to start bottom fishing when BTC drops below 70,000, and when it drops below 60,000, I will recharge outside the market and continue to increase my position. $BTC $ETH #美国非农数据超预期