Looking at these similarities, the theory of 4-year cycles of Bitcoin price movements, authored by Bob Lucas, seems more and more truthful. Based on his theory, in 2019 we will observe the beginning of a new cycle, characterized by an asset growth of 70-75% of the total time, with a maximum value near the end of the upward movement.
Bottom line: if Bitcoin is still cyclical in its movement, then in the next couple of months the sideways movement will continue. We will observe small fluctuations in with a bias towards its fall. Bitcoin price should NOT fall below $ 3,100-3,000. And in the future will begin to slowly gain "bullish" momentum. Perhaps due to the informational and utilitarian development of the global cryptocurrency sphere, you and I will observe a more accelerated version of the previous cycles.
The past bottom of $ 3200 for bitcoin can be broken through, and it is likely that in the coming weeks or months we will see BTC / USD for both 2800 and 2500 (if it does not rebound until the beginning of February!). But below 2000 Bitcoin will not fall. Because miners are now working at a loss and so. Bitcoin does not need to deal with miners, as the ether, for which unlimited emission is rather a negative factor. Bitcoin is kept on the miners, and falling below 2000 will be the complete surrender of the main cryptocurrency. Whales do not need to kill the currency they are just starting to try out. For long-term purchases, the stop loss for 2000 will be in the safe zone. But do not forget about the possibility of studs. Bitcoin can hardly be fixed lower, but it is easy to feel with your candle tail.