I have realized that the Bitcoin cycle bottoms are characterized by the following:
- Weekly timeframe: Reverse PMAR & PMARP: Oversold or near oversold levels.
- Weekly timeframe: Hash Ribbons: Bottom is near a Capitulation signal.
- Bottom is historically 50 to 60 weeks after the Cycle Top.
- Bottom is historically 70 to 80 weeks before the Halving.
I think the bottom is already in when we dipped to $15k.
- Weekly timeframe: Reverse PMAR & PMARP: Oversold or near oversold levels.
- Weekly timeframe: Hash Ribbons: Bottom is near a Capitulation signal.
- Bottom is historically 50 to 60 weeks after the Cycle Top.
- Bottom is historically 70 to 80 weeks before the Halving.
I think the bottom is already in when we dipped to $15k.