Insights

Bitcoin bear market bottoms follow this price appreciation trend

exchange68September 13, 2024

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Quick Take

So far in this cycle, Bitcoin has put a low in November 2022 during the FTX collapse at $15,500.
If that were low of the cycle, this would match previous cycle bottoms in terms of price action.
After Bitcoin bear market bottoms, we tend to see a month of drastic price appreciation followed by a month or period of consolidation.

Nov ’22 = Bottom
Jan ’23 = 40%
Feb ’23 = 1%Dec ’18 = Bottom
Feb ’19 = 11%
Mar ’19 = 7%Jan ’15 = Bottom
Feb ’15 = 18%
Mar ’15 = -4%

BTC monthly returns: (Source: Coinglass)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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