BitcoinShort
Two most likely scenarios for BTC. Both are bearish.
Going by the historical log curve and what Bitcoin has always done following a 40%+ retracement from the previous high (which is to retrace an average of 82% in total), we are looking at a minimum of $5300, which is roughly 63% from the previous high of 13.9k. If BTC decides to go the full Monty and repeat what it has done time and time again, I would eye $2400. This would, imo, drastically alter the future of Bitcoin. But then again, there are no definites in anything. With a halving coming up, the price of BTC needs to outweigh the price it costs to mine it......or miners turn off. Helmet on.
BTC decides to go the full Monty and repeat what it has done time and time again, I would eye $2400. This would, imo, drastically alter the future of Bitcoin. But then again, there are no definites in anything. With a halving coming up, the price of BTC needs to outweigh the price it costs to mine it......or miners turn off. Helmet on. 
Disclaimer
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.