This is a huge data point to understand.

The TOTAL Crypto market cap has reached the same levels of oversold as both the:
- 2020 COVID low
- 2022 Bear market bottom
It's actually overextended the 2022 bottom.
And this is based on the 1W 300D SMA.
But what is most interesting about this chart is how this Bitcoin bottom has combined different elements from 2020 and 2022.
We have a macro low sweep + 1W Bullish divergence like we did in 2022.
And we have a shorter time period to the bottom, 259 days, like we did in 2020.
As my loyal followers will know, I believe we have bottomed faster because where we are is actually a mid cycle correction.
Bitcoin has never gone below the 1W 300 SMA.
Of course, we cant ever say it will not.
But its a very deep level that has always been respected, and only actually tagged properly once.
TOTAL looks bottomed.