Looking at the bitcoin halving moments, have we seen the bottom of this cycle?

If we have a look at the three previous bitcoin halving moments, it is noteworthy that the price increases significantly after the halving event (which is logical due to supply halving). Interestingly, the upward movement of that cycle is initiated much earlier.

Bitcoin halvings

If we look at the previous 3 halvings the bottom of the preceding cycle is about 500 days (so about 1.5 year) before the next halving event. The next halving a predicted (https://www.gate.io/halving) to happen around May 2024 (so a bit more than 400 days away). So based on this the previous bottom of ~16k might turn out to be the bottom of this cycle. Of course past performance is not guarantee of future results, but I like to see this as a positive sign.