An indication that we could have hit bottom in December is that the 55 MA acted as support twice in the previous bear market and we only missed testing it by 12% in December.
We also have the warning line the Schiff pitchfork starting back to 2011 crossing the 55 MA this month, so if it holds we wont be able to test the MA in February.
$100,000 BTC seems like a likely target for the Schiff pitchfork for the potentially new cycle, due to the psychological number, it's roughly the same distance from the top warning line as the previous cycle, and the cycle time length. We would have a BTC market cap of around 1.6 trillion which is roughly 22% of gold . This seems realistic to me.
Final target if the bottom is really in, is $13600 BTC in May 2020 for the block size halving. That's the 0.618 fib retracement of the down trend. It hit the 0.618 exactly for the previous block size halving.
