$BTC Bear market bottoms take weeks to form.

They usually consist of multiple repetitive sweeps of the lows, making longs psychologically difficult to hold or enter.

One simple sweep of 60K is unlikely to be the full bear market bottom. More likely, it was a local low before another leg lower and the real bottoming process begins. Multiple sweeps of the lows create fear, pushing market participants to expect lower prices while most of the highs remain untouched.

The bigger picture is becoming clear. We are approaching the timing where this type of bottoming structure historically begins to form. This is when accumulation starts, but it's unlikely this bear market bottom will look much different from previous cycles.

History doesn't repeat, but it often rhymes.

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