We could see price reach our target resistance zone ( red box ) then we are expecting price to keep falling and could find some key support at around the 3417.1 area.
We think that after price hits our support area we are going to start seeing BTC price pick up and could even see price hit 10,000 this year, but that's a just our prediction for the long run.
Price has nearly bottomed out, And now more businesses are accepting Bitcoin as a payment method and people are getting to know how it works and the technology behind it more and more people will start using it, this will strengthen the price.
So we have a large amount of money invested in BTC for the long run... You heard it here 1st!