Quick Take
- Bitcoin’s low point in this cycle was reached in November 2022 at $15,500 during the FTX fall.
- If this were the low point in the cycle, it would match previous bottoms in terms price action.
- After Bitcoin We tend to see bear market bottoms when we have a month of extreme price appreciation, followed by a period of consolidation.
Nov ’22 = Bottom
Jan ’23 = 40%
Feb ’23 = 1%Dec ’18 = Bottom
Feb ’19 = 11%
Mar ’19 = 7%Jan ’15 = Bottom
Feb ’15 = 18%
Mar ’15 = -4%
CryptoSlate’s first article, Bitcoin bear market bottoms following this price appreciation trend appeared on CryptoSlate.
