Bitcoin bear market bottoms follow this price appreciation trend

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%

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