Consolidation Phase After Dead Cat Bounce, Market Bottom Price Prediction Summary

**Crypto Market Brief: Bitcoin Correction & Bear Market Bottom Predictions** February 10: After a steady crypto market decline since January 15, Bitcoin plummeted from $97,000 to over $60,000. It later rebounded in a correction to ~$70,000 before trading sideways for several days. With broad consensus the market is in a bear phase, BlockBeats rounded up key bottom forecasts from analysts: - **@alicharts**: Bitcoin is approaching its 200-week moving average (~$58,000) — a level that has acted as a bear market bottom and accumulation zone multiple times over 12 years. Historical bottoms also typically align with the -1.0 MVRV price band, currently ~$52,040. - **Glassnode’s Chris Beamish**: Bitcoin has strong support above $60,000, where long-term holders have heavy concentration. Upward, high supply density near $80,000 forms key resistance, defining current supply dynamics. - **Peter Brandt (2018 crash predictor)**: If Bitcoin plunges to its historical “banana peel” support, the bottom could be slightly under $42,000. The curve’s lower bound is Bitcoin’s strongest long-term support — 2011, 2015, 2018, and 2022 bear market bottoms mostly touched or dipped below it. A unique quirk of this cycle: Bitcoin never hit the curve’s upper bound during its uptrend. - **Chinese on-chain analyst Murphy**: The CVDD (Cumulative Value Days Destroyed) metric currently sits at $44,904, rising at an average $540 every 30 days. This bear market bottom is highly likely to hold above $45,000, only approaching it closely. - **Coin Bureau CEO Nic (bear market duration)**: Bitcoin has closed below its 100-week moving average for 3 straight weeks and below its long-term trend line for 13 straight days. Historically, post-break below the trend line, BTC stays below it for an average 267 days (shortest: 34 days during COVID-19).