Six indicators suggest this target:
1. From the peak of the bull run we have a Fibonacci extension finishing at the 2k mark.
2. The more recent range down Nov/Dec 2018 has a similar target at 2060
3. That same range down (orange line) repeated from the peak a few days ago lands us in this same zone and gives us guidance on timing
4. The trend line we have just broken through may be revisited before the real bull run occurs, and viably could occur in this zone at this timing
5. There is a major support at this level from a 2017 low
6. The Gan fan Fibonacci drawn from the lows where BTC was $5 lines up numerous times from 2013-2019, and again would intersect the 2k mark with good timing early May
TL;DR 2k early May will be the low of this bear market
1. From the peak of the bull run we have a Fibonacci extension finishing at the 2k mark.
2. The more recent range down Nov/Dec 2018 has a similar target at 2060
3. That same range down (orange line) repeated from the peak a few days ago lands us in this same zone and gives us guidance on timing
4. The trend line we have just broken through may be revisited before the real bull run occurs, and viably could occur in this zone at this timing
5. There is a major support at this level from a 2017 low
6. The Gan fan Fibonacci drawn from the lows where BTC was $5 lines up numerous times from 2013-2019, and again would intersect the 2k mark with good timing early May
TL;DR 2k early May will be the low of this bear market