I may be wrong about this, but here is my take on BTC. As you can see in the chart I have outlined a few things.
#1. The level of support where BTC fell through ($6000 area), a level where there A LOT of buyers, as you can see every time it hit that support the price shot up. That support has been broken, and a panic sell off occurred. However the same buyers who...
Anybody who is expecting price to go sub 3k anytime soon is misinformed. A lot of people are shorting and they make get left in the dust. Falling into the same traps this manipulated market shows over and over again.
It appears BTC is set for a bullish rally to $5,950 before starting a 6-12 month consolidation phase, which includes a bottom it has not reached, such as 2500. Long consolidation phase will probably be the story of 2019, bull cycle won't start until 2020, But as stated I expect a large price surge to around $5,950 soon.