After Bitcoin’s price fell toward $60,000 in early February, investors are wondering when the decline will stop. Analysts have shared various predictions about where Bitcoin might find its bottom. Some think the worst is over, while others warn of further drops. Crypto analyst Plan C has now weighed in, suggesting that Bitcoin may have finally reached its low.
An 80-90% Crash Is Unlikely This Cycle
In past cycles, Bitcoin has typically experienced severe crashes of 80-90% as bull markets turned to bear markets, often triggered by major events. Many expect a similar pattern this time, which would imply the bear market still has a long way to go.
However, Plan C disagrees. He believes Bitcoin will not follow the exact same trend as before. Instead of an 80-90% drop—which would push Bitcoin toward $25,000-$30,000—he predicts a more moderate decline of 50-60% this cycle. If correct, this would mean Bitcoin is already near its bottom.
Based on this forecast, the bottom would fall between $50,000 and $63,000. Since Bitcoin recently dipped below $63,000, the low may already be in or close.
Such a shift would mark a departure from Bitcoin’s historical four-year cycle. This idea isn’t new; analysts have previously noted that Bitcoin began deviating from this pattern when it reached a new all-time high in early 2024, before the halving. This shift has been driven by institutional investment through Spot Bitcoin ETFs, fueling a new wave of bullish momentum.
While predictions and speculation about Bitcoin’s bottom continue to swirl across the crypto community, only time will tell what actually happens. For now, bulls are trying to push the price back above $70,000, but market sentiment remains negative, with the Fear & Greed Index stuck in “Extreme Fear.”
Frequently Asked Questions
FAQs Is Bitcoins Price Floor at 63000
Beginner Questions
1 What does price floor mean
A price floor is a theoretical support level where an assets price repeatedly struggles to fall below Its the price point where strong buying interest historically steps in preventing further decline
2 Why is 63000 being discussed as a possible floor
This level has been a key area of support and resistance multiple times in recent months Each time Bitcoins price has dipped near 63000 it has bounced back suggesting significant investor demand at that price
3 Does a floor mean the price cant go lower
No A floor is not a guarantee Its a level of observed support If major negative news or selling pressure hits the market the price can absolutely break below any perceived floor
4 What happens if Bitcoin falls below 63000
If it breaks and holds below that level on significant trading volume traders might see it as a bearish signal potentially leading to a test of the next major support level lower
Intermediate Advanced Questions
5 What factors could invalidate the 63000 floor
Key factors include a major macroeconomic shift a prolonged crypto market selloff regulatory crackdowns in major economies or largescale liquidations of leveraged long positions
6 How is a support level like this determined
Its identified through technical analysis by looking at historical price charts Analysts observe where the price has previously reversed from downtrends on high volume and where moving averages or other indicators converge
7 Besides the chart what fundamentals support a floor here
Factors include continued strong demand from US spot Bitcoin ETFs the upcoming Bitcoin halving which reduces new supply and the significant cost of production for many miners which creates selling pressure above their costs
8 Is institutional buying affecting this floor
Yes The consistent inflows into spot Bitcoin ETFs since January 2024 have created a new source of sustained demand These institutions are often seen as strong hands that buy on dips potentially reinforcing support levels
Practical Strategic Questions