It’s clear that Bitcoin is in a bear market and has been since 10/10. Now the question is how long and how bad? If we follow the typical 4-year cycle , we are looking at 365 days to the bottom (October 2026) and a drawdown to or below the 200w MA. That’s now at $57000. That is the base case. But, since we didn’t get as high as we normally do, it could be argued that we won’t fall was low as we normally do and that would make the next stop at $69k which is the last cycle ATH. We still need to weather a stock market correction before we can begin to call a bottom….(Ran Neuner)