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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
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%
Market Cap $1.52T
24H Volume $27.14B
