Where is the bottom of this bear market? || How much can the maximum price of bitcoin go down?

Since the invention of Bitcoin, 4 bull runs and 4 bear cycles have been completed. The first bull run started in January 2011 at which time the price of Bitcoin went up from 1$ to 32$ and then in November 2011 it went down from 32$ to 2$ again.

It takes 5 months to come from 32$ to 2$. After that, for 2 years, the price of Bitcoin went up and down between 6 and 13, which means that at that time the bear market was.

After that, in November 2013, the price of Bitcoin went up by 1100$ on the bull run and again in January 2015, it came down to 180$ dollars. It took 13 months to go from 1,100$ to 180$. After 3 more years of bear market, the bull market started in November 2017 and the price went up to 20,400$ .Again it went down from 20,400$ to 3,200$ in November 2018 and took 12 months. Then again after 3 years in the bear market, the price of Bitcoin went up to 69,000$ in November 2021 and now we are entering the Bitcoin bear market again.

Now the question is where is the bottom of this bear market? According to statistics, in every bear market, Bitcoin is down 62% from its bull market price and it takes 10 to 13 months to reach the maximum down. As such, the price of Bitcoin in the current bear market is 6 months away from the highest down. This means that in November 2022, we may see the bottom of Bitcoin and if the price goes down above 72%, then the bottom price of Bitcoin may be between 10000-14000$.

Bitcoin's hash rate has also begun to decline. Bitcoin currently has an average hash rate of 180 to 200 tera per second. According to statistics, in the next 6 months, it may be 120-130 tera per second.

And if the hash rate is 120 tera then the price of bitcoin can be 10000-12000$ dollars. Again according to VPVR (Volume profile visible range) the maximum buying volume of bitcoin in this bear market is 10000-12000$ dollars.

According to the technical analysis, when the RSI (relative strength index) is below 30 and the price of BTC is moving towards BOLL (Bollinger Bands) and the MACD (Moving average convergence divergence) indicator is going to start rising again, then the bottom price of Bitcoin will be.

Accordingly, we have not yet entered the bottom price of Bitcoin. In addition, MEFR Director has developed a Stock to Flow model of Bitcoin where he relates Bitcoin to the Internet Adaptation and Mobile Phone Adoption Curve. According to his model, if the price of Bitcoin is similar to that of Internet Adoption, then the price of Bitcoin in this bear market could be 10,000 and the next bull run could be 80,000. And if the price of Bitcoin matches the mobile phone adoption, then the price of Bitcoin in the next could be 6 million. He gave a price model interrelated with two curves where the price of Bitcoin in the next bullion could be 300,000. So it can be said that the bitcoin price in this beer market is 10000, but there is nothing to be afraid of. In the next 1/2 years, the average price of bitcoin may be between 18000-26000 dollars. If you invest in a few good projects in the middle of this time, maybe after 2/3 years, the fortune may change and go away.

Time	All Time High
2013	1100 $
2017	20,400 $
2021	68,000 $
2025	???

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The whole thing I have said is a theoretical analysis. No one can predict the future. The situation may change at any time. So before investing, I request you to do your own research.

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