I strongly doubt that this stage has begun. We are still at the sales stage and the pressure from the miners continues to grow, and this is one of the signs of a global bear market, there is also an outflow of money from the crypto sphere, provoked by various rumors and speculation. Bitcoin burbled 75% of its past ATH, it still has room to fall. Up to 80-85%, as in past bearish cycles. $15,600 seems to be just as "reliable" support as $17,600 during the May fall. The recovery and accumulation phase will not begin until the spring of 2023, and maybe a little later.
We will remain optimistic with the data presented and this cycle will change. There's always room for low price, so it's still a good idea to weigh the risks. I myself have really focused on sticking to my initial idea of investing by buying on dips and DCA, so when we get out of this phase the profits will be made.If Q1 is still bearish or maybe sideways, then Q2 2023 is expected to be able to bring some recovery. We are currently on the slope after two mountains on the daily chart, but the next ascent is getting closer. Optimistic about this.
