A simple math problem:
$BTC Bear market retracement percentage per year × Bitcoin's top price in a bull market = Bitcoin's bottom price in a bear market
2014: 150/1150=0.1304347826
2018: 3155/19800=0.1593434343
2022: 15450/69000=0.2239130435
This time, a conservative estimate of 0.3×126200=37860 or less
This is the price calculated based on a four-year cycle of "marking the boat and seeking the sword"
The only uncertainty now is that institutional funds and ETF funds might prevent BTC from experiencing such a large retracement in a bear market, so this price should only be used as a reference