Seeing how the market has broken such a big trend support (beginning August 17th, 2015 ; broken on November 19th, 2018 for the first time) and how the market is still uncertain and scared in it's behavior, I think $3000 BTC is likely, with a panic wick (on the monthly chart) going as low as $1000. Considering the strongly broken long-term uptrend, I also think we have quite some time before seeing obvious upward movement on the monthly chart.
To be clear, the red rectangle represents where I think there's a good chance of seeing the final bottom price, not representing how long the price will remain at that very bottom price.
To be clear, the red rectangle represents where I think there's a good chance of seeing the final bottom price, not representing how long the price will remain at that very bottom price.
Comment:
Seems like the market is preparing for a huge rally this quarter, before going back down to this price range.