After a corrective rebound, the market has been consolidating sideways. Here's a summary of the market bottom point predictions:

On February 10, after experiencing a continuous decline in the crypto market since January 15, Bitcoin rapidly dropped from $97,000 to just above $60,000. Subsequently, the market saw a corrective rebound, and Bitcoin has been consolidating around $70,000 for several days. Given the current unpredictable market trend, there is a high consensus among market opinions regarding a crypto bear market. For specific bottom point predictions, BlockBeats summarizes the main viewpoints as follows:

Analyst @alicharts, combining Bitcoin historical data and technical indicators, predicts that Bitcoin is approaching the 200-week moving average (currently at $58,000), which has historically served as a bottom and accumulation zone during bear markets over the past 12 years. On the other hand, Bitcoin's historical bottom is usually near the -1.0 MVRV pricing zone, which is currently at $52,040.

Glassnode analyst Chris Beamish states that the long-term holder cost basis heatmap shows a dense support level above $60,000, where long-term holders are highly concentrated. Above that, there is dense supply around $80,000, forming a key resistance level. This range defines the current supply chain competition landscape. Renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, stated on the 6th that if Bitcoin dips into a "banana peel" support like in previous bear markets, the bottom may be slightly below $42,000. Brandt believes the banana peel curve is Bitcoin's strongest and most critical long-term support zone, with past major bear market bottoms (2011, 2015, 2018, 2022) generally close to or slightly below this line. (It is worth noting that in this cycle, Bitcoin has never successfully touched the upper edge of the banana peel during its rise.)

Chinese on-chain analyst Murphy, combining on-chain indicator CVDD (Cumulative Value Days Destroyed Index), points out that the current CVDD is $44,904, and it continues to rise at an average dynamic rate of $540 every 30 days.

This means there is a high probability that the current bear bottom will not fall below $45,000, only approaching it infinitely.

A full decline indicates that Coin Bureau CEO Nic has made a prediction about the duration of the crypto bear market: Bitcoin has closed below the 100-week moving average for the third consecutive week. Currently, the price has been below this long-term trend line for 13 consecutive days. Historically, after BTC breaks below the long-term trend line, it tends to stay below that level for an average of 267 days. The shortest period was 34 days during the COVID-19 pandemic.