this is a medium/long term analyze ...that's why i said long because a deep to 8000/8800 is no meaning much
i like to keep simple and focus at 80% in charts and 20% in news
- MA25 in weekly chart , has been a good reference since the start of BTC ,soon or late the price will go close to MA , that could be soon , so price will deep in to 8500 area , or later , and price will remain sideways and never cross 9100 area
- stock RSI in weekly chart just arrived in oversold area... if we check it in deep , was over bought from march to July , we show something similar in January febrery and march 2013 , so that's make me believe that we will stay in oversold for a while more , that fix perfectly with more deeps in to 8000/8800 area,
and !!! and this is important make me believe that we are repeating a fractal between 2012 and 2014 , check it pls , because it fix perfectly with 18000/40000 by crixmas and 400000 sometime in 2021
- in the monthly chart , we can see that first periods in last bull run on 2015 , were a 3 months cicles,wich fix perfectly with what are we doing now , we have a 3 months up and now we are ending second month down , so that's will mean that at the end of September ( BAKK??) we will star a new bull run 3 months cicle , that will move the price somewhere between 18000 to 40000
- making proportions , last bullrun price moved from 18000 to 6000 and after deep to 3000 area , so first deep was around 65% second 50% .... if we calculate and compare where we are now , from 14000 to 10000 ,28% and make some maths, from 10000 we should go about 20% down so will put price some where close to 8000 ... 66% is to 50% , same 28% is to X , ( this proportions are about not precise )
that's said we can spect a small deep to 8500 and keep going to heaven !!
hope all this is usefull for somebody , economy news are getting worst , and we will see BTC growing at the same time we will see a economy crashing ... don't be to late to jump in !!!
best luck