Comparing the 2014 and 2018 bear market we see a astonishing number of similarities. This is a scenario for a possible bottom. I expect BTC to have a 'short term' increase first, before heading towards its bottom.
If price comes down to this 2100 level with high volume it might reach capitulation and go into a consolidation phase just like we did in 2015. If not, we might fall further towards the 1200 levels to test stronger support.
If price comes down to this 2100 level with high volume it might reach capitulation and go into a consolidation phase just like we did in 2015. If not, we might fall further towards the 1200 levels to test stronger support.