To understand Bitcoin you need to zoom out. I see 3 opportunities for Bitcoin to bottom out. the last one is $837. I am a buyer of bitcoin later this year (2019) and I will Hold for say 5 years. I will buy in large bulk (several hundred thousand pounds worth), and wait. One day Bitcoin will be over 100k. Maybe 300k in current trader's lifetimes. When it rises it will be extremely fast but I don't expect that time to come for a few years because for Bitcoin to reach these valuations it needs to play a much more of a role in day to day transactions for the average person. I am a Bitcoin Long term bull, but waiting for the right time to buy BIG.