Entry Price ~$391
Bottom entry price prediction: https://www.tradingview.com/chat/m/d2a00dab-36b6-4997-b644-7745c8f1dad9/
support is quite strong with over half a dozen touches of support .
The fundamental case is the halving coming in a few months. Post-halving price is ~$200 which may seem cheap to most observers.
This trade is invalidated if that support fails to hold. What may cause this is continued negative coverage of blockchain scaling issues and core dev disagreement.
On alste's chart the second circle from the right. The spread during that time was 17usd. Now its possible bfx could dump and china doesn't. But wouldn't hope for it.