Has the Bitcoin Price Bottomed Out? With The Rational Root - WBD550
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 5 September 2022
⏱️ 76 minutes
🧾️ Download transcript
Summary
The Rational Root is a Bitcoin on-chain & cycle analyst and in this interview, we discuss developing & using Bitcoin price models. We look in detail specifically at his Bitcoin Spiral Models, Bitcoin hodl price models and Bitcoin halving & cycle charts.
- - - -
Bitcoin is currently in a bear market that the vast majority failed to predict. In fact, late last year, there was a lot of talk about $100k, $200k+ bitcoin that clearly failed to materialise. While bitcoin has experienced drops like this before, this time, the cycles played out differently.
So why are we in a bear market? Alongside the wider macro environment of the fed tightening and raising interest rates, Bitcoin was dragged down by the collapse of Terra/Luna and the subsequent Three Arrows Capital & Celcius meltdown (amongst others), and in June, the price got as low as $17,500.
Since then, bitcoin has been relatively stable, bouncing between $20k-$25k. Onchain analysis shows that since the June bottom, bitcoin has been under heavy accumulation. The question now is, where is the bottom and have we already hit it?
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The model is just a way to kind of, you know, to try to predict something, but this got so popular that you know people just |
| 0:13.1 | started believing in it completely and you know stop being rational about it right |
| 0:18.0 | and so yeah you always have to be a bit skeptical about models that predict the future. You know, they can't be wrong. |
| 0:24.0 | Hello there, how are you all? Did you have a good weekend? |
| 0:27.0 | Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I'm using for buying Bitcoin. I'm your host Peter McCormack, and today I am |
| 0:35.0 | interviewing the Rational Root. Now if you don't know Root, he has built a big following on |
| 0:39.6 | Twitter with his on-chain-a-cycle analysis. And we are in a bit of a weird market at the moment. |
| 0:45.5 | Last year people were calling for a hundred K, 200 K, even a 300-K Bitcoin. |
| 0:50.5 | Shout out to you American Hoddle. Thanks for your half a Bitcoin mate. And obviously that |
| 0:54.8 | failed to materialize and we now find ourselves in another Bitcoin bear market. |
| 1:00.0 | Also, we've had all this macro stuff that's played into this. |
| 1:03.0 | We've had the Fed tightening and raising rates, |
| 1:05.5 | as well as all the crypto shit with Terra Luna, |
| 1:07.8 | Three Arrows Capital, and Celsius blowing up. |
| 1:10.4 | And the Bitcoin price has crashed. We got as low as 17.5k in June and we seem to be |
| 1:16.0 | bouncing around 20k. So I asked Root to come on the show and to answer the question on |
| 1:20.5 | everyone's lips, where is the bottom? |
| 1:23.7 | On Chain has had its fair share of critics over the last year or so, but I think as a tool to |
| 1:27.8 | use alongside other factors and analysis, it is still a worthy discussion. |
| 1:32.4 | Okay, I've got to say, for those listening to the podcast, Root did bring slides with him, |
| 1:36.2 | and while we do our best to explain what is going on when working through it, |
| 1:40.0 | this one is probably best if you also go and check out the slide. So you can either download those from the show notes or go and watch the video which is up on YouTube |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.