Bitcoin is likely to bounce, at the very least...

Nothing goes up forever, and nothing goes down forever.

That last part is likely to play out very shortly with bitcoin.

After going down for roughly a year straight at this point, it's finally at a point where it has bounced historically.

Check it out:

(source: https://twitter.com/StockmoneyL/status/1589620880342417408/photo/1)

Tough to sniff out the exact bottom, but as you can see, based on historical patterns we are likely getting pretty close.

With the macro picture starting to thaw a bit as well, ie the dollar rolling over and interest rate hikes slowing, a bounce in bitcoin seems very likely.

The only question becomes how high does the bounce go and how long until it pulls back and when it does, does it retest the lows?!

Time will tell...