I have a very bold prediction: the bottom of the next Bitcoin bear market may be at $120000! You didn't read it wrong. I'm talking about the bottom of a bear market, not the top of a bull market. This BTC long-term monthly chart has a very noteworthy historical phenomenon: 2017 Bull Market High: Approximately $20000 2022 bear market low: approximately $15500 The lowest point of the previous bear market ultimately remained near the high point of the earlier bull market. And now, Bitcoin has experienced a new round of major price increases. If BTC continues to reach historic highs in the future and completes the next round of long-term bull bear conversions So is it possible that the lowest point of the next bear market will not be $60000 or $80000, but $120000? I think this situation deserves serious consideration. As spot ETFs, institutional funds, and corporate treasury allocation gradually participate in the market, the long-term supply and demand structure of Bitcoin is changing. The effective four-year halving cycle in the past does not necessarily mean that it will repeat itself in the exact same way in the future. Of course, this is just a long-term scenario deduction, not a confirmed bottom prediction. The bear market in 2018 also fell significantly below earlier historical highs. But the core point I want to express is: Is it possible for the price we are afraid of buying now to become a price that cannot be reversed in the next bear market in the future? What is truly worth considering is not just how high Bitcoin can rise in the next bull market. But rather: If even the lowest point of a bear market in the future is higher than today, how should we rethink long-term holding and asset allocation? Do you believe that there is a chance for the next BTC bear market bottom to reach $120000? Responsible for analyzing with position.