Bitcoin's recent price drop below $80,000 has left industry experts contemplating where the cryptocurrency may find its bottom.

Arthur Hayes, co-founder of BitMEX, suggests that Bitcoin could bottom out around $70,000. According to historical trends, a 36% correction from its all-time high is typical during a bull market cycle. Hayes advises patience and recommends keeping an eye out for specific signs, such as a stock market crash or major financial institution failures, before allocating capital.

On the other hand, Michaël van de Poppe, founder of MNCapital, takes a more optimistic stance, proposing that Bitcoin has already hit its bottom and is poised for a recovery through a double-bottom pattern.

However, concerns about a potential recession in the US have led some analysts to brace for a worst-case scenario where Bitcoin could plummet further. Investor Doctor Profit even anticipates a "black swan" event in 2025 that could drive Bitcoin down to $50,000.

Adaora Favour Nwankwo, ambassador at CoinEx, aligns with this sentiment, highlighting the impact of economic indicators on Bitcoin's price trajectory. She foresees different scenarios depending on the economic landscape, predicting a potential decline to $50,000 in the event of a recession or a bottom price range of $70,000 to $75,000 if a recession is averted.

Bitcoin is currently trading at around $81,000, showing a 14% decrease from its recent high of $95,000.