The analysis evaluates the possibility of Bitcoin falling to $60,000. The analysis checks historical data, analyzing top-to-bottom volatility in past bull market cycles. 2011 saw a 94% correction. 2013 saw an 86% correction. 2017 saw an 84.39% correction. The most recent cycle saw a 77.52% correction. Projecting a 70% correction, the analysis infers a potential drop to $37,000. The analysis uses the 200-week moving average trendline to calculate potential theoretical bottoms. Bitcoin's drop to $60,000 is a possibility. Analysing relative strength index and trend lines. However, all the analysis is theoretical and will depend what could happen during this bearish market.