[Bitcoin five-line chart update] Don't panic, the "Line3 big bottoming" near 56k is in full swing😎

In November-December 2022, BTC bottomed out at Line1 (near 16k) for about 2 months

In August-October 2023, BTC bottomed out at Line2 (near 25k) for about 2 months

Currently, BTC has bottomed out at Line3 (near 56K) for about 1.13 months

The figure shows a set of Bitcoin price cycle models, which are designed based on on-chain data such as Coin Days Destroyed, total circulation (Liquid Supply), and realized price (Realized Price). Five lines are used to completely divide the entire historical coin price from the top to the bottom.