Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in By Cointelegraph

After a whirlwind November for (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provided analysis on Bitcoin finding the bottom. When taking into realized value, miner capitulation, mining electrical costs, downdraw and record hodler numbers, a BTC floor of $16,600-$16,950 seems formed.

Here are five reasons why Edwards believes Bitcoin price is coming closer to a cycle bottom.