It's been roughly a bear market for a while now, and where will be the bottom is a hot topic these days. In my opinion, BTC has still room to drop until the real capitulation happens; therefore I can imagine a classic 80% Drop from its all-time high which is arguably in confluence with some powerful levels, including two long time frame Fib levels.
Of course, in the end, the market will surprise us all.
Of course, in the end, the market will surprise us all.