The weekly chart is probably the best chart to try to catch BTC's bottoms. In this case, the 200EMA has been a very reliable bottom indicator. As the price returns to visit this area, it enters the "buy" zone, as extreme fear and capitulation prevails.
Nevertheless, this "bear" market is a little unprecedented. First, the bull market came with 2 very noticeable tops, the 2nd little bit higher than the other. Usually BTC used to top, crash hard, then have a correction as a lower high and definitely enter bear territory. We also have a hidden bullish divergence signal (RSI + MACD), kind of invalidated by recent price action but it's still there while previous bear markets didn't print any. The overall structure of the price movement is also still in the bullish trend territory (higher highs, higher lows).
Fundamentals are mixed and uncertain. The market in general is rattled by a complete change of economic climate as we enter stagflation. BTC will have to attract more wealth that think it is more protective than staying in cash or invest in gold or real estate (historically good performers during stagflation).
Nevertheless, this "bear" market is a little unprecedented. First, the bull market came with 2 very noticeable tops, the 2nd little bit higher than the other. Usually BTC used to top, crash hard, then have a correction as a lower high and definitely enter bear territory. We also have a hidden bullish divergence signal (RSI + MACD), kind of invalidated by recent price action but it's still there while previous bear markets didn't print any. The overall structure of the price movement is also still in the bullish trend territory (higher highs, higher lows).
Fundamentals are mixed and uncertain. The market in general is rattled by a complete change of economic climate as we enter stagflation. BTC will have to attract more wealth that think it is more protective than staying in cash or invest in gold or real estate (historically good performers during stagflation).