Is BTC near the bottom?

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Is BTC near the bottom?Bitcoin / U.S. dollarBITSTAMP:BTCUSDdavidqlam90Thesis is that institutional money started accumulating after the launch of IBIT. Assume since the launch of IBIT, many buyers are dollar cost averaging in. Anchor VWAP (AVWAP) since IBIT launch has served as support during both liberation day sell off and the recent capitulation in November which is roughly around $85k. Does this mean we are near the bottom or are the bears right that we have more room to dip?