ChatGPT Says Bitcoin Fits Bear Market Definition and Sees $50K–$60K as Key Bottom Range

In early October bitcoin traded above $126,000 before sliding below $100,000 by year-end, then dropping to $60,000 last Friday, a 52% fall from its peak. ChatGPT described this drawdown as a bear market by definition and assigned about a 35% chance that the $60,000 low is already in, with a more probable move toward $50,000–$52,000. The AI also mapped out less likely capitulation scenarios to the low-$40,000s or even below $35,000, while remaining optimistic about bitcoin's long-term resilience.