When will Bitcoin accelerate its decline? 1) When Bitcoin completely breaks below $71,000, which is the 0 axis of the Fibonacci ascending channel in the chart below, the price will accelerate its decline; 2) If the price drops to just above $60,000, there will be bottom-fishing attempts triggering a so-called second bottom rebound, but this will just be a dead cat bounce; 3) Once the price completely breaks below $60,000, it will further accelerate its crash to the $45,000-$50,000 range.