[Opinion: Bitcoin's lowest point this cycle is $55,000, the 'bottom at $35,000' theory is nonsense] BlockBeats News, December 2, crypto analyst @Sykodelic_ expressed the opinion that some believe Bitcoin will drop to $35,000, which is complete nonsense. First of all, for Bitcoin to fall by 75%, it would require full expansion, which has not occurred in this cycle. The current market is similar to 2019, not 2018 or 2021. Around the end of QT in 2019, Bitcoin fell back to the middle band of the Bollinger Bands and found support. Therefore, in the worst-case scenario, if this is a severe bear market... if Bitcoin's closing price falls below the monthly midline, the expected lowest bottom could reach $55,000.