**Bitcoin Hasn't Hit the "Ultimate Bear Market Bottom" Yet** Bitcoin has dropped 45% since last October, but market analysis suggests its "ultimate bear market bottom" has yet to appear. According to a CryptoQuant report, Bitcoin's true bottom is at $55,000, a level historically seen as a key support. Analysts indicate that actual price metrics show we are currently in a bear market phase, and for Bitcoin to reach the bottom, it still needs to drop another 21%. This process could take 4 to 6 months to materialize (decrypt).