I think that you make a good point, at least in regards to clarifying that we should be able to consider that the move from $69k to $15,479 can be constituted as a bear market, so then one of the questions becomes whether or not we are yet out of the bear market.. .and 1) is the bottom in or 2) are we going to bounce around the bottom (even if higher than the bottom) for long enough that we can confirm that the bear market is not over.
It is somehow challenging knowing what the bottom is as you should already know that no one can accurately predict what the price will do. Besides, I consider it pointless looking for the bottom. Instead of worrying about the bottom, one can just do a simple analysis:
1. what is the ATH of Bitcoin which is around $69k
2. Check if is at a discount which is 50% of below the ATH... in the case with Bitcoin,it is a yes.
3. Are there chances of a bullrun in the near future? Yes it is possibly considering that there is a major even next year; an event that always lead to a surge in price.
With the above three points noted and established that price is at a discount and there is a high chance we will see a new ATH, then it is wise to buy using any method such as DCA. To me looking for the bottom might actually be a major distraction and a lot of people who practice this might miss the opportunity to buy at a discount.
I am not going to proclaim to know the answers to these questions, even though my sense was that the chances were pretty good that the bear market was over when we got above $25k and pretty much stayed above $25k since mid-March 2023.. and yeah, it is not 100% clear while we are in our various price moves whether we are still in the bear market or if it really is over or not...
I had this feeling too but the prolonged consolidation within that region made me have a second thought. I will be like: "what is holding the price from leaving this region already?"