$BTC  is replicating the same path as it did after the 2016 Bitcoin halving event , with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during "the peak" of this cycle. 💥

However, the price drawdown from the all-time high (ATH) chart — which measures the decline from Bitcoins peak to its lowest point over a specific time frame — suggests a much more ambitious price.