$169K BTC. You heard it from me first :p

According to correction ratios in each Bitcoin cycle, a bear market typically sees a 70% drop from the peak down to the main support line, which is the 200-week moving average. This moving average forms the bottom of the bear market and is currently around $50,000 for Bitcoin.

Now, calculate the peak price from which a 70% drop would reach the $50,000 level for Bitcoin.

Also, it’s possible that the drop percentage may differ in this cycle due to adoption and institutional funds, so calculate using a 60–70% drop as an average down to the 200-week moving average support at $50,000.