Bitcoin's high was $126,000. If we calculate based on a 45% drop in gold ETFs, the bottom would be around $69,300.
If we calculate based on a maximum retracement of 57% for the Dow Jones and Nasdaq, the bottom would be approximately $54,200 ($126,000 x 0.43).
If we calculate based on a maximum retracement of 60% for Apple, the bottom would be approximately $50,000 ($126,000 x 0.4).
If we calculate based on a maximum retracement of 70% for Tesla and Nvidia, the bottom would be approximately $38,000 ($126,000 x 0.3).
The above data is based on the maximum declines of gold, the Dow Jones, Nasdaq, S&P 500, Tesla, and Nvidia over the past 20 years.
Summary: The most probable bottom for Bitcoin in this round is between $70,000 and $50,000, with an extreme low of $38,000.
Reference: Dollar-cost averaging between $70,000 and $50,000, or all-in bets at $40,000!


