After the break down of the MA 62 as strong support that held during the 2017 bull run, it took us 182 days to bottom from the break of MA62 during the 2018 bear market, and 119 days during the 2014 bear market. and 35 days during the 2011 bear market.
Now we are in 182 days since the break down of the M62 after the bull run of 2021, but as we have seen the number of days increase after each cycle, and may be it will takes longer to mark a Bottom with a Dollar Index DXY which is in a strong uptrend in divergence with BTC, and S&P500 retracing.
I think our bear market cycle will take a few more weeks before marking a bottom, or who knows, we already had our bottom around 17.5K!!!
https://www.tradingview.com/x/2dHsUuQC/
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