This is another chart on #Bitcoin that coincides perfectly with the market bottom on any cycle.
This cycle isn't different.
We're at the actual bottoming period, and if the market doesn't break beneath the 200-Week MA, this is your opportunity.
Are bear markets getting less severe over time? Percentage-wise, yes, that's been the trend.
86%, 84%, 77%.
Data-wise, no. Unlike cycle tops which show a clear diminishing across nearly all data, cycle bottoms have been very consistent.
Logarithmic MVRV is not at cycle bottom levels. The very accurate and more conservative cycle bottom target of the Realized Market Cap MA, 42.5k, has not been reached.
A move there would be a 66% drop which is still over 10% less than last cycle's bear market.
And again, more aggressive cycle bottom targets like the magic band's low 30k's are not off the table.
BITCOIN JUST HAD A BULLISH CROSS ON THIS INDICATOR.
The last three times this happened, Bitcoin exploded.
2012 → $15 to $1k
2016 → $400 to $20k
2020 → $9k to $69k
WE ARE ABOUT TO GO PARABOLIC 🚀