No: this is where the bottom is WAY more close than the ATH.
Of course. The bottom is less than $7000 away, the ATH is $13000 away. (absolutely 100% certain, not guesswork !)
There is a point to thinkng about it this way.
Shouldn't we be using a different scale here rather than linear? A 50% drop seems ~ equivalent to a 100% rise, due to simple supply and demand. I know the right scale isn't exactly parabolic due to Fomo and panic selling; however, I would expect the rise in support would eventually reach a bend in a J curve and some low price.
