📊 Why Bitcoin’s bottom may be below $60,000. Key points from the Galaxy report If 2017 is excluded, no 40% drop in Bitcoin’s price from an all-time high has occurred without a subsequent decline of more than 50% within the following three months. There is a possibility that Bitcoin’s price could fall even below these statistical levels — down to $56,000 per coin, according to analysts at investment firm Galaxy Digital. One of the key indicators in the company’s calculations is Bitcoin’s realized price based on the 200-week and 50-week moving averages. In previous bull cycles (2013–2014, 2017–2018, and 2021), the 50-week moving average served as a key support level. In November 2025, Bitcoin broke below this level and moved toward the 200-week average, into the $56,000–58,000 range. Galaxy’s historical model shows that this zone ($56,000–58,000) served as the area for bottom formation and trend reversal in previous cycles. Where these targets come from, which price levels analysts are also watching, and what is currently having the strongest impact on the market.