Bitwise BITW Percentage Above NAV Price #BTC #Crypto

For the time being, it appears that BITW has bottom at around 35% above the NAV price. The last bottom was at around 23% above the NAV price.
Perhaps the next bottom after this could be 45% above the NAV?
Could we be seeing a trend here?

Could the next top in BITW be when the NAV reaches $40?