Bitcoin and its friends fell hard into the weekend, but are now in the bottoming window based on monthly cycles. It's possible the low is in, or it will take one more leg down into the end of the week. Bitcoin and Ethereum both fell about 50% from their respective May 11th (new moon) price levels. Ethereum is now up about 40% off of its weekend's lows, making the case that the lows are in. RIOT and MARA (two Bitcoin miners) are both up about 10% today and may be leading leading indicators as both had corrected about 50% from their respective highs earlier this year. This chart is also making the case for being long Bitcoin into this coming holiday weekend.
