https://www.whatbitcoindid.com/podcast/has-the-bitcoin-price-bottomed-out
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.
TIMESTAMPS:
00:00:00 Introduction
00:07:40 Bitcoin Spiral Models
00:23:08 Hodl Model
00:37:29 Hodl price model
00:49:18 Bitcoin halvings; cycle charts
00:56:53 Other data: short-term holder supply; bottom indicators
01:01:07 Personal usage of models & data
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“A model is just a way to try to predict something, but this got so popular that people just started believing in it completely, and stopped being rational about it. You always have to be a bit sceptical about models that predict the future, they can be wrong.”
— Rational Root
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.
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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?