I interviewed several people around me, and they all believe that October this year will be the bottom of this cycle, and they'll be going all in then. Historically, in the three previous cycles, the bottom was reached after a 70%-85% drop from the peak. This time, the peak was 126,000, so based on that magnitude, it should fall within that range. Adding to this the logic of the halving cycle, ETF funds, and institutional allocation, October seems like a reasonable point in time. But the fact that everyone around me is unanimously pointing to October makes me feel a little strange!