BTC approaching bottom soon

BTC when divided by M1 (Money stock) we can clearly see the 200WMA acting as major support Dec 2018, Mar 2020, Jul 2021 (except for once when money supply expanded after covid crash) we're currently 15-20% away from forming a bottom. please share your comments and let me know what you think about this
btcanalysisbtcideasBTCUSDbtcusdforecastChart PatternsFundamental Analysism1supplyTrend Analysis

Disclaimer