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Bitcoin bear market bottoms follow this price appreciation trend

After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or period of consolidation. As February draws to a close, Bitcoin is up 1%, after appreciating 40% in January

James Van Straten
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James Van Straten
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Quick Take

  • So far in this cycle, Bitcoin has put a low in November 2022 during the FTX collapse at $15,500.
  • If that were low of the cycle, this would match previous cycle bottoms in terms of price action.
  • After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or 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%
BTC monthly returns: (Source: Coinglass)
BTC monthly returns: (Source: Coinglass)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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