So we have now had a drop back to the lows.

Personally, as you all know, I didn't have this down as my base case.
Once we reclaimed $74,400 with a few weekly closes I was not expecting to see below $70k again.
However, now, we look forward.
And the question still remains...
Are we going to continue to follow the traditional bear market pattern of dropping lower until Q4?
That still is undecided imo.
And as you all know, I do believe, and with a lot of data to back it up, that we are in a different type of bear market than previous ones.
The closest bottom I can link to this one is in 2015.
This is the only other bottom where Bitcoin hit oversold on the 1W RSI, then reclaimed 50, and then went on back to the lows again.
That is what has happened here.
But every other cycle, once we reclaimed 50, we never looked back.
In 2015 we did not make new lows, we simply tested them again.
At this stage, only time is going to tell us what the outcome will be.
The acceptance of the 4 year cycle playing out in full has ow become total consensus...
And I can't say it won't happen.
But it is not a guarantee, and there is enough data to show us otherwise.
Ideally, we would want to see Bitcoin develop a bit more of a wick and close the weekly back above $65,000 for this to gain more traction.
What are your thoughts?