Signs of a Cycle Bottom?

If we already bottomed, here's why

May 20, 2026 • Michael Nadeau

Topics Covered

If We’ve Bottomed, Here’s Why
Market Structure Update
Macro Update
Closing Thoughts & Portfolio Management

Hello readers,

We’re now 7.5 months into the bear market, with BTC trading 39% off its all-time high. For now, the bear market structure remains intact after BTC failed to break the 200-day SMA and book two consecutive weekly closes above the Short-Term Holder Cost Basis.

But now that the tide is shifting, what are the chances that we’ve already bottomed (at $60k)?

We explore in this week’s edition of TDR Pro.

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Let’s go.

If We’ve Bottomed, Here’s Why

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