Thanks for all the comments, I didn't see too much in the way of disagreement that we are around the low of the bitcoin cycle so far. It would be an interesting debate though if there are those who disagree.

On this long timescale I can't rule out another drop in price, I am not saying we have seen the low (although it is possible and maybe even likely)  however I still maintain this will be the region where the bottom is forming in this cycle, even if there is another leg down. 

There comes a point where the weak hands have all capitulated and strong hands more reluctant to sell. The collapse of FTX and all that may have been a way to flush out many of the remaining weak hands. (As I've seen in previous cycles with the FBI seizure of Silk Road) for example,.

Thought I'd share another chart showing some evidence things may start to turn bullish. This is a 1 day chart



Please note i nearly always use Heikin Ashi style candles and price on a log scale, as in this chart here.

What I am drawing attention to is a bullish divergence where even though the price is making lower lows. The RSI Relative Strength indicator is not. This can indicate that the bearish trend reverse.

What do you guys think are there more bearish things in the pipeline, or in the chart I'm missing?