Hold on! We still need to look at the Bitcoin five-line chart at a critical moment

From November to December 2022, BTC bottomed out at Line 1 (around 16k) for about 2 months

 

From August to October 2023, BTC bottomed out at Line 2 (around 25k) for about 2 months

 

Currently, BTC has bottomed out at Line 3 (around 56K) for about 1.4 months

 

The figure shows a set of Bitcoin price cycle models. The model is designed based on on-chain data such as Coin Days Destroyed, Liquid Supply, and Realized Price. It uses 5 lines to completely divide the entire historical coin price from top to bottom.