In addition to record values lost, the crypto winter has managed to break a number of popular bitcoin price models.
has seen the first bear market rally, the price still has a ways to go to get back into the power-law corridor’s lower band.
In order for the price to do so now, the price needs to be just above the $35K range. The price of bitcoin has never breached below the low band line for so long, and it is unusual when looking at’s 13 years of price cycles. The break shows that markets often follow specific mathematical laws, patterns, and models, but these types of technical methods don’t always ring true.
Currently, the latest bear market rally and other factors indicate that it’s quite possible the bottom is in for this specific crypto winter, but as charts and signals like these have broken in the past, it means no one can truly guarantee the crypto market bottom is in.
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