BTC is doing the same movement as 2013's. If it keeps following the trend, it will touch the 6100, 3500, and 2000 levels. It should start going up the middle of next year, 2019.
If it drops to 2,000 it’s not going up. That’s below mining cost, and after a 90% loss of value, no one will want to touch it. But then again, it has done this before- and then look what happened. So who knows. I think a drop too far below 5k could be catastrophic to its reputation for a recovery at that point. If we see a big, sustained increase in volume at ~5k I would have more faith. But with everyone calling for sub 5k again, I’m inclined to believe it might go up from here. It never goes according to plan (or at least the plan of the masses).
rafaelcmrj
⋅
@TheGush, I don't think this way. Like you said, it did it in the past, so I'm pretty sure BTC can recover from a 2k price point.