BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I don't know if this is a technical analysis thing or not - I haven't seen it elsewhere, but I also haven't looked for it. From Jan 2016 (past 24 months), you can see each two point trend line , as their frequency and angle increased. You can also see how the first (or last) trendline has been violated, and I think the middle one will be touched. The general point of confluence seems to agree with the $7,400 price floor. The last trend line suggest a $5,500 intersection, which I'm generalizing to mean either the $6,000 floor (unlikely) or $4,800 floor (more likely).

Personally, my money is literally on a bottom of $7,400. Any plunge beneath $7,400 suggests an over-sold state. That would need to be verified by momentum indicators such as the MACD .
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