As you can see from this chart I am very optimistic in the long run for BTC. Yes it has been a long dreadful correction for the crypto world, but honestly this is actually real good for the future growth of cryptocurrency and if history is any indicator, we should see a very nice bounce back to new ATH in the next 6 months or so. In my opinion, we are very close to a bottom here. Yes there could be one more drop for BTC that could bring it down to around the $4.8k - $5.2k range, but this should happen soon if it does happen. My prediction is aggressive to say the least, but looking at how BTC has done in the past, $80k seems very possible by end of year or early 2019.
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This is that drop I was referring to right here. We are going to see the Low $5k's in BTC.
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For a while I have been saying that BTC would most likely go below $5k and I believe it will. I am almost positive that the ETF will not be approved at the end of September and this will make BTC tank and possible go into the $3k's