Bitcoin likely botttoms b4 $8200. Bottom being formed right now

This is a spot idea for those debating whether now is a good time to begin acquiring the stash for the next cycle. Bitcoin is bottoming as we speak pending recession risk there is strong support at $8200 in a worst-case outcome. However, there are strong technical indications pointing to more upside. The first real upside targets in the long term are $45,000+ for BTC in the next 360-527 days which represents a modest 127%+ return from current levels. In light of recent events like the FTX implosion, it is safe to say that US regulators will come hard on other "alternative currencies" whether they will make it through another cycle is up in the air. However, for now, bitcoin has been a deemed commodity by the SEC and represents the most prudent investment to make in light of current events. Now is the time to build a core position for the next run-up.