Revisited this long term chart and updated it. It’s really hard to be bullish after revisiting this. To expect BTC to start being in a medium term bullish trend would be to expect BTC to do something it’s never done.
We’re currently at the halfway mark towards the next halving, it’s always bearish and in a medium term downtrend during this time.

Per my calculations Bitcoin will be in a bear market for the next 5-6 months and then it will hit a bottom capitulation area probably around the $21k-$25k area.

Of course it’s very possible Bitcoin could do something it’s never done before and I sure hope to hell it does but I’m leaning towards continuation of bear market behavior till this next October-November.