We have already dropped 70% off All Time High, just like the last mega bubble. If we were to follow the same pattern as last time, we would drop around 85% and end up around 3k and it will take a while to get there.
Of course Ii realise things are never the same, and these lines are just drawn to fit the narrative, but this is just food for thought.
Thinking we may bounce at 4.9 and then down to 2.8 - 3.2
The big dumps followed by the bounces are the players making money,.. the slow grind down as we retrace those dumps are the bulls becoming bears. That's my take, anyway.
Where do you think BTC is headed?