According to analysis by Blockworks researcher Luke Leasure, Bitcoin might be nearing the low point of this cycle. The report highlights that BTC is currently down about 50% from its all-time high, with the bear market lasting over 40 weeks. Several long-term indicators suggest the market could be in a bottoming zone. BTC's relative strength indicators against Nasdaq and gold have both reached historically extreme levels, signals that have typically appeared near long-term lows in the past. Bitcoin's Realized Price is currently around $53,000, while the spot price is only about 18% higher than this level. Historically, bear market bottoms have always fallen below the Realized Price. https://(wublock123.com)/news/luke-leasure-long-term-indicators-bitcoin-near-cycle-bottom-65204