Bitcoin bottom? These four charts hint at BTC price dropping to $50K
Bitcoin held the $60,000 support during a 13% pullback, but downside risk remains as geopolitical stress and weaker rate-cut hopes pressure risk assets. Multiple indicators now point to a possible move toward $50,000 or lower. Bitcoin is trading near its estimated production cost around $62,650, with a lower miner-cost support zone near $50,120. Its realized price is about $53,600, and past cycle bottoms have usually formed only after price fell below that level, implying a deeper capitulation zone around $37,500–$42,800 in a larger drawdown. MVRV bands also place a key deep-value area near $50,000. Technically, BTC may be breaking down from a bear flag and is testing the 200-week moving average near $62,000. A weekly close below that level would strengthen the bearish case and keep $50,000 in play.
