So far, 2018 has been a very bearish year for Bitcoin and the entire crypto market. Bitcoin’s price has dropped 70%, which is a long way down from its peak. The good news is that corrections are part of a long-term positive trend-line. The bad news is that according to some of the analysis we’ve conducted, Bitcoin’s bottom could be a lot lower than what we’ve seen so far. To be specific, the bottom could be around the $2,700 – $3,000 area. The analysis we’ve produced is based on technical analysis data and metrics. It can’t predict substantial fundamental news events.
Also, the following presents a possible scenario. This is likely to happen according to the analysis, but things might change at any moment.