BTC: Market Cap to Thermo Cap Ratio [Overall Bullish]

Chart: tradingview.com/x/MfChrfQ4

I saw an analysis' posted on twitter by Rafael Schultz-Kraft and Geert Jan Cap that puts us in the lower end of the bull cycle and felt I should share on here.

• Last bull market $BTC was @ $8500 at the current Market cap:Thermo cap level
  
  
• Price increased 135% to the top in a month
  
  
• From the current price 135% is $110,000
  

To see a better chart of this go the Rafael's twitter to get the full view with current Market cap:Thermo cap data