#BTC
In the last cycle, the big crash in the bull market, excluding the black swan factor, the crash at other time points basically did not exceed a drop of about 25%, which is calculated based on the distance between the lowest point and the previous high. Most of them are maintained in the range of 15%-22%, which may be closer to the latter, and more are inserted at the bottom.
Calculated at 72800, the price of a 22% drop should be around 56800, and the price of a 25% drop should be around 54600. To sum up, the bottom area is probably between 55000-57000. For those who want to buy at the bottom, if you are not sure that you can catch the needle with your full position, it is best to enter the market in advance at a position above 57,000. At present, the panic of altcoins is stabilizing. The fact that altcoins still did not break a new low after breaking a new low yesterday is enough to illustrate this situation. So next, if Bitcoin continues to push down and touch the position of 57,000, the altcoins will not fall too much. The price may be calculated based on yesterday's low point, and the decline will be synchronized with Bitcoin.
