Bitcoin has fallen approximately 40% from its peak to around $67,000, breaking below the 50-week moving average as multiple momentum indicators weaken. Analysts from 22V Research suggest that if Bitcoin follows historical minimum retracements of 72%, its price could drop to about $35,200, while Tallbacken Capital targets $45,000. Alex Thorn of Galaxy Digital notes that in past bull markets, Bitcoin typically falls to the 200-week moving average, currently around $58,000, after breaching the 50-week line. Additionally, Bitcoin's current price is below Strategy Inc.'s average holding cost of $76,000 and JPMorgan's estimated mining cost of $87,000. Prolonged trading below these costs could intensify miner exits and increase market selling pressure.