Prediction evidence

$BTC WEEKLY I have been consistently making the argument that Bitcoin is likely “bottoming.” This is based on multiple ideas, notably that price was visiting the 200 weekly MA for the 4th time in history. It has only traded below it for more than a week in 2022, after FTX (9 months). We also had oversold conditions here for the 4th time ever, all bottoms. For the second time ever, we now have bullish divergence coming out of oversold RSI on the weekly chart. We now have 2 candles wicking below the 200 MA and closing above, all while sentiment is in the dumps and narrative about complete collapse are rampant. I remain cautiously optimistic that the the path is up.