The biggest reason why I think there is a 99% chance that $57k was the
$BTC low:
Last cycle we had 2 pokes at the Power Law & then a Levitation up… The same thing happened this time.
This support level is also obnoxious now with multiple years in this region… A quick snap back to the 200w SMA ($66k) is possible imo, but to get back there is absolutely not a guarantee either… Not only would it have to get back there, but it would need to go even lower AND break the Power Law by $8k… Good freakin luck. Hence the 99% chance.