$BTC Bottom Is In w/ One Final Leg DownBitcoin all time history indexINDEX:BTCUSDjonniekingAs with ₿itcoin’s last cycle top, lots of indicators from previous cycles were not met, and I see the same playing out with this cycle’s bottom. At the very least, a lot of us have been waiting for the REALIZED PRICE ~$54K to be tested... but from what I’m seeing, I don’t think PA will go there. Currently PA is being squeezed between the 50SMA, STH 90EMA and 50EMA. I do think the local top is in, and BTC will start to correct going into October. A Weekly Close below ~$76,3 would confirm this. This flipped fractal I shared from March - April suggests an inverse head and shoulders pattern going into October 5th. That aligns with the 12-month bear market bottom thesis, and would give us a couple more tests at the 200SMA. If you’ve been following me for the past few years, you might be familiar with my ₿ITCOIN CYCLE ANALYSIS, where I predicted the cycle top to the day (Oct. 6, 2025) ~1.5 years before it occurred. In that same analysis, I predicted the following bear market bottom to be Nov. 3, 2026. This date lines up near perfectly with this IHS fractal, showcasing a double bottom inside of the IHS. BTC is already up ~42% off the cycle lows, and a ~21% correction to confirm the bottom with an IHS seems very probable at this point. Could it wick lower? Sure, anything is possible, but I believe it more likely than not that upcoming sell-offs will be bid up very aggressively considering how late we are in the cycle. We have still yet to see an overpowering surge in VOLUME to suggest a change in trend, so I’ll very much be watching for this. If you’re looking for a narrative to drive this final leg down, there’s many to choose from… the war in Iran, supply chain shocks, uncertainty around midterms, sticky inflation, rate hike fears, and an inevitable >10% stock market correction. Take your pick. Trade safe my frens 🙌