$BTC

The 5 phases of the bear market bottom.

Look at both the 2018 and 2022 bear market bottoms.

Same structure. Same sequence. Every single time.

1) Capitulation. The big flush that wipes out leveraged longs and forces panic selling.

2) Retest. Price bounces, then comes back down to test the lows. This is where most people think it's going to zero.

3) Spring. The false breakdown below support that shakes out the last sellers. This is the pattern I shared yesterday. The most important step.

4) Higher lows. Once the Spring holds, price starts building a staircase. Each dip is shallower than the last. Sellers have been exhausted.

5) Breakout. Range gets cleared to the upside. New trend begins.

We haven't even started phase 1 yet. We're still in the markdown. The people calling the bottom at $60K are skipping this entire process.

Same setup played out in 2018. In 2022. And for a century before Bitcoin even existed.

It'll happen again.