As we know already, BTC seems to have a Macro cycle of about 4 years length from ATH to ATH .
But there is an overlaid smaller cycle structure for the price-movement of BTCUSD on a time scale of approx. 2 months.
Currently, as we are correcting or in a bear market, these cycles are left-centerd, i.e. the price top occurs at the beginning of the cycle and then moves down to the end.
Graph above shows a possible indication of the small cycles in play, it's off course all about getng the right start/end dates for the cycle-periods !
What I want to suggest is, that maybe we are not out of the woods yet and price may head south a little more..
What I want to see is a right-centered cycle, which would be indicative for a new movement (price top occurs to the end of cycle, together with a sharpe increase and then correction, Elliott-wavyisch...).
As always, just guesswork here. Please always DYOR before taking investment decisions.