Assuming everything in the related post below, The Bullish Case For Bitcoin || And A Look Back is true concerning an exponential growth trend (large dashed green line) then the question to really be asked is how Bitcoin will return to it.
Given this bullish assumption, I see three possibilities:
A. we may find a bounce in the next day or so, as we are near a known support and fib line (see here ), but I wouldn't count on it being the start of a consistent bull run, as we do need to get back to our long-term trend.
B.We could just see a relatively smooth drop down to, and then merging with our long-term trend line.
C. We could see a drop to as low as 4.3k (off the bottom of this chart but around the next fib support line,) as an overreaction, which would hopefully find some support somewhere along the way (there are plenty of possible support lines not shown), eventually bouncing back up into our long-term bull trend.
Given this bullish assumption, I see three possibilities:
A. we may find a bounce in the next day or so, as we are near a known support and fib line (see here ), but I wouldn't count on it being the start of a consistent bull run, as we do need to get back to our long-term trend.
B.We could just see a relatively smooth drop down to, and then merging with our long-term trend line.
C. We could see a drop to as low as 4.3k (off the bottom of this chart but around the next fib support line,) as an overreaction, which would hopefully find some support somewhere along the way (there are plenty of possible support lines not shown), eventually bouncing back up into our long-term bull trend.
