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Bitcoin’s weekly Kumo (cloud) just twisted red
Bitcoin typically bottoms AFTER the bearish Kumo twist time-wise at ~-68% below the twist itself
The Ichimoku projects the Kumo 26 periods ahead — this means we are over 150 days away from price reaching the twist time-wise
Roughly five months minimum is likely required for this to properly unwind. Price target would be $33K if the same -68% below the twist happened again for a total 73% bear market drawdown
Bitcoin bear markets have shown gradual drawdown compression:
−93% → −86% → −84% → −77%
A simple ~5% linear decay from the last cycle points ~−72% to −73% next time, matching the Ichimoku’s prediction