Has the Bitcoin Price Bottomed Out? With The Rational Root - WBD550

The Rational Root is a Bitcoin on-chain & cycle analyst and
in this interview, we discuss developing & using Bitcoin
price models. We look in detail specifically at his Bitcoin
Spiral Models, Bitcoin hodl price models and Bitcoin halving
& cycle charts.


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Bitcoin is currently in a bear market that the vast majority
failed to predict. In fact, late last year, there was a lot of
talk about $100k, $200k+ bitcoin that clearly failed to
materialise. While bitcoin has experienced drops like this
before, this time, the cycles played out differently.


So why are we in a bear market? Alongside the wider macro
environment of the fed tightening and raising interest rates,
Bitcoin was dragged down by the collapse of Terra/Luna and the
subsequent Three Arrows Capital & Celcius meltdown (amongst
others), and in June, the price got as low as $17,500.


Since then, bitcoin has been relatively stable, bouncing between
$20k-$25k. Onchain analysis shows that since the June bottom,
bitcoin has been under heavy accumulation. The question now is,
where is the bottom and have we already hit it?