I write this for those searching for the "Bitcoin Spiral Charts" because its near impossible to find with a normal search engine. Rational Root's twitter feed can be found here
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.
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?
I write this for those searching for the "Bitcoin Spiral Charts" because its near impossible to find with a normal search engine. Rational Root's twitter feed can be found here
The powerpoint with Rational Root's slides are linked from What Bitcoin Did's show notes, link below:
And there is a twitter thread with all the spiral charts here
what bottom? https://bitcoinexactforecast.com/
https://www.whatbitcoindid.com/podcast/has-the-bitcoin-price-bottomed-out
On BitcoinTV (Peertube / Fediverse):
[This episode is not yet available on BitcoinTV]
On Mastodon / Pleroma (Fediverse), follow: @wbd@bitcointv.com
This episode, WBD500, is now available on BitcoinTV:
Has the Bitcoin Price Bottomed Out? With The Rational Root https://bitcointv.com/w/mx3fSmERGuYyxgrLjwHVDN