The process similar to the current one happened in 2014. Compare the two and see the details in the linked analysis.
There were four waves of correction for bitcoin in 2018th. Each of them had higher relative upper bounce, although in a quantitative way was lower. The similar situation was in 2014th, although the time scale was longer. Three major scenarios: 1) go lower, and even significantly lower – very unlikely, 5-10% probability, 2) stagnation for a year or more – quite likely, 30-40%, 3) short stagnation and a new bull-run – rather likely, 40-50%.
It is possible that there will be more bounces, if the trend continues, and according to the numbers, the next top could be at ~7600$. It also would bean that currently the drop is not over.
There were four waves of correction for bitcoin in 2018th. Each of them had higher relative upper bounce, although in a quantitative way was lower. The similar situation was in 2014th, although the time scale was longer. Three major scenarios: 1) go lower, and even significantly lower – very unlikely, 5-10% probability, 2) stagnation for a year or more – quite likely, 30-40%, 3) short stagnation and a new bull-run – rather likely, 40-50%.
It is possible that there will be more bounces, if the trend continues, and according to the numbers, the next top could be at ~7600$. It also would bean that currently the drop is not over.
