#BTC Bitcoin Bear Market Bottom Characteristics???
Why I believe the 60,000-70,000 USD level is not the bottom—the reason is simple: Bitcoin's bottom won't be a sharp V-shape, but rather a sideways consolidation zone.
2015 Bear Market Bottom
Chart 1
2018 Bear Market Bottom
Chart 2
2022 Bear Market Bottom
Chart 3
Reviewing previous cycles, we discover striking similarities.
In the late stages of bear markets, there's usually a final crash that breaks through everyone's psychological defense, followed by weakening downward momentum, market enters sideways consolidation, then kicks off a rally, e