BTC ROI After Each Cycle Bottom

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For each canonical bear-market low (2015-01-14, 2018-12-15, 2022-11-21), we anchor close = 100 % and plot (close_t / close_bottom − 1) × 100 on x = 'days since bottom'. Cycles 1-2 run bottom-to-bottom (~1430 days); Cycle 3 is the current cycle.