"So, if you look at if you look at the balance price of Bitcoin, it's actually at 38.65K. So, and the reason I say that is because if you look at all prior bear markets, Bitcoin bottomed below the on-chain or below the balance price."

"My best guess is that Bitcoin sets a low in June and then has a counter trend rally and then has another low in October. I would argue that there is a high likelihood that the October low would be lower than the June low. "

"I have to think right now that the next low likely forms in June. And there probably will be a rally kind of like early Q3, July August which would then set up the final drop into sort of the September, October timeframe. And if that plays out, and we're sitting here in Q4, and Bitcoin is is is trading at a low price, I have a feeling there's going to be a lot of people that are bullish now that are going to be bearish then. But, that'll probably be the time to pivot. "

"So, we have now seen them cross. And you know, usually when they cross, the low's not immediately in like that's never happened before. I'm not saying it can't, but it's never happened before. Usually the month though, usually the low occurs within about one to three to like one to four months. Okay. So that could be anywhere between say like now and July, August, September, October, who knew, right? "