Here's a scenario to look at. I know the curved lines are subjective, but look at the circled part of the chart and the PA that followed after. Im referring to 2013 -2015 We've already seen ETH drop below it's previous ATH and we may see something similar for BTC with a touch of the macro 0.618 fib at around 10k. The 0.5 fib is around 14k so im speculating on a price within this range.
10k would also equate to a 84% drop which has been the trend for BTC whenever it hits its top in the previous 2x
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.