I say no. I'm a big advocate of studying the past and learning from it. I've been studying capitulation in detail and have found 2 phases of capitulation
Redistribution & Reversal
I argue BTC is in redistribution phase
2/ Redistribution: A continuation pattern. Money shifting b/w investors who think bottom is in
Example 1: Extended redistribution
Creates a range, breaks above range (upthrust) but not enough strength for continuation
Look how closely it reflects the current range of BTC
3/
Example 2: Compressed redistribution
Creates a range, breaks above EQ of range but not enough volume & gets rejected by EQ. This is quicker than example 1
This is also similar to current BTC pattern. The next few days will prove if there is an upthrust or continued drop