Cryp_Trades

Bitcoin Bear Market Bottom

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BITSTAMP:BTCUSD   Bitcoin
I have calculated different time averages between certain Bitcoin Events, such as cycle top to bottom, bottom to halving, and top to top, to give an estimate to when Bitcoin could potentially find a bottom. One can either measure from the 2021 high which suggests that BTC will bottom later this year (November), or one can use the RSI top which would give us a different cycle bottom, which would be rather sooner than later. When measuring from the 2021 high however, you get more confluence imo. Where the price of BTC will find a bottom is hard to tell but I believe, based on past cycle bottoms that the 200 MA (currently at arund 22k) could be the bottom for Bitcoin.
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