After a restorative rebound, the market continues to trend sideways, and the forecast for the bottom point of the market is summarized According to BlockBeats, on February 10th, after experiencing a continuous decline in the cryptocurrency market since January 15th, Bitcoin quickly fell from $97000 to above $60000. Subsequently, the market experienced a restorative rebound, and Bitcoin has been sideways for several days after rebounding to around $70000. In response to the current confusing market trend, market views have reached a high consensus on the cryptocurrency bear market. For specific bottom point predictions, BlockBeats summarizes the main points as follows: Analyst @ alicharts predicts that Bitcoin is approaching its 200 week moving average (currently at $58000), which has served as a bear market bottom and accumulation zone multiple times over the past 12 years, based on historical data and technical indicators. On the other hand, the historical bottom of Bitcoin is typically located near the -1.0 MVRV pricing range. The current level is $52040. Glassnode analyst Chris Beamish stated that the heatmap of Bitcoin's long-term holder cost base shows a dense support level above $60000, with long-term holders highly concentrated there. Further up, the supply is dense around $80000, forming a key resistance level. This scope defines the current competitive landscape of the supply chain. Renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, stated in a post on the 6th that if Bitcoin were to penetrate deep into the "Banana Peel" support like in previous bear markets, the bottom may only be slightly below $42000. Brandt believes that the lower edge curve of Banana Peel is the strongest and most critical long-term support area for Bitcoin, and the bottoms of several major bear markets in history (2011, 2015, 2018, 2022) have been close to or slightly below this line. (It is worth noting that the special feature of this round of Bitcoin is that it has never successfully touched the banana line during its upward trend.) Chinese on chain analyst Murphy, combined with the on chain indicator CVDD (Cumulative Value Coin Age Destruction Index), pointed out that the current CVDD is $44904 and continues to rise at a dynamic rate of $540 per 30 days on average. That is to say, there is a high probability that the bear bottom of this round will not fall below $45000 and will only approach infinitely. Coin Bureau CEO Nic made a prediction for the duration of the cryptocurrency bear market: Bitcoin has closed below its 100 week moving average for the third consecutive week. At present, the price has been below the long-term trend line for 13 consecutive days. From historical data, BTC has remained below the long-term trend line for an average of 267 days. The shortest time was 34 days during the COVID-19 epidemic.