Quote from: Ratimov on June 22, 2022, 08:02:00 PM

Based on the theory of cyclicality, then the absolute market bottom comes every 4 years, and at the same time, bitcoin loses about 85% of its value after an explosive bullrun. In this cycle, 85% of the lost value from the last ATH is right at the ~$10,000 mark.

What do you think is the absolute bottom of the current bearish cycle?

Those pattern-repeat theories in the brief history of Bitcoin work until they stop working. There were also many such theories saying we were going to hit minimum $100k last year.

I do think it's possible that we could go down I don't know if to $10k but below $17k, not based on some chart repeats, but because of events in the world and in the economy that may influence that.

Of course for me the absolute bottom would be around $10k, followed by a clear bounce upwards, as many investors would see that price as a bargain and buy at that price.