History is always strikingly similar. History repeats itself exactly. People never learn lessons from history. Bitcoin halves every four years, and currently, the block reward is 3.125 BTC per block every 10 minutes. The total supply is 21 million. Nearly 20 million have already been mined. It's estimated to be fully mined by 2140. Bitcoin will definitely break below the previous bull market ATH of 69k this cycle. Starting now. Each bear market low needs to break through the previous bull market's ATH. The previous ATH was 69k. So it will definitely break 69k this time. And 69k will form a very strong support level. In other words, 70k is very strong support. After breaking through, there will be a decent bounce. But the larger cycle is still downward. How far down will it go? According to the historical halving cycle: December 2017 at 20k, then crashed to below 3k in December 2018. A 85% crash. November 2021 Bitcoin at 69k USD. Crashed over a year to the lowest point in November 2022 at 15.5k USD. A 77% crash. So this time Bitcoin's decline will be around 77%. This means Bitcoin won't crash below 30k. But Bitcoin will break 69k USD. If it crashes around 65%, then the lowest point would be around 45k USD. When Bitcoin is around 3-6 tens of thousands USD, it's suitable for positioning. At least below 60k, the maximum loss is 50%, because 60k might crash to 30k. But below 60k is not suitable for all-in bottom fishing. Nor is it suitable to continue being bearish. Because the bottom will most likely be around 3-5 tens of thousands USD. October 6, 2025, Bitcoin's highest price was 126.2k USD. Then crashed over a year. That would be around October 2026 as the lowest price. And the market will consolidate at the bottom for several months. Various panic emotions. Panic index around 10 is when you can position. Price at 3-6 tens of thousands USD. Time around the end of 2026. Then hold all the way to 2029. Bitcoin price exits around 15-25 tens of thousands USD. At least a 2-8x return. And that's just Bitcoin. Imagine how many multiples SOL, HYPE, these trump cards will have? But big capital will definitely be in Bitcoin. Because Bitcoin's market share is already 60%. If you haven't even gotten Bitcoin, why play crypto? Because all project teams just want to steal your Bitcoin. Bitcoin is the ultimate form of digital currency.