He also publicly called the top at $126K.
So if you bought $BTC at $70K thinking you caught the bottom…
you’re probably too early.
Real bottoms don’t happen in one move.
They form in 4 psychological stages — and we’re not through them yet.
1) PANIC + CAPITULATION
This is the violent selloff phase.
Everyone is scared. Forced liquidations. “Crypto is dead” everywhere.
It usually lasts 2–3 weeks.
We’ve seen this part.
2) ANGER (the bull trap phase)
After capitulation, price often pumps 20–50%.
People think: “That was the bottom, I missed it.”
They FOMO back in.
Then price dumps again and wipes them out.
This is the anger phase —
when traders stop trusting bounces
and start hating the market.
That’s where $BTC is likely heading now.
3) DEPRESSION
This is the worst part.
Price doesn’t crash hard — it just bleeds sideways and down.
Slow. Boring. Exhausting.
Strong holders start doubting.
Weak holders quit completely.
Then comes one final drop…
followed by a sharp bounce that actually matters.
That’s the real bottom.
The biggest mistake
Most people buy capitulation and think they nailed the bottom.
They didn’t.
Capitulation without depression = fake bottom.
That rule has never failed me.
What this means for $BTC
• The bounce from $60K → $70K = relief rally
Not confirmation of a bottom.
• If price runs to $80K–$90K
That’s likely a bull trap → risk of another leg below $65K
• If we see
$70K → $74K → slow fade to $65K–$60K
That’s the market entering the ANGER phase
The battle zone is now:
$60K – $74K
What happens there will decide the cycle low.
I’ve traded crypto since 2015
and watched this pattern repeat over and over.
The market doesn’t bottom when fear peaks.
It bottoms when hope dies.
And we’re not there yet.
