In 2017 Bitcoin dropped ~30% 5 times until the ultimate maximum. This year shouldn't be very different, and we have had just 1 price drop of that magnitud.
The dips usually lasts 3 weeks (19 days), and we are in the second week. Based on 2017 data, the exchanges BTC netflow, the institutional support, the weekly support and daily candles, at the end of the second week of march the price will become bullish again, unless something extremely extraordinary happened (can't imagine).
Based on the weekly support ad fibbonaci retracement the bottom price this trend likely could be $40.000, and there's a little chance that it touches $38.000
In the next few days, the descendant blue line is the resistance line, when the price passes it will oscillate in that fibonnaci support levels, between 43.000 and 48.000, or 43.000 and 40.000.
Finally we expect that in march 5th BTC has reached it's ultimate bottom this trend, and next step is the moon (>$63.000 in april)
The dips usually lasts 3 weeks (19 days), and we are in the second week. Based on 2017 data, the exchanges BTC netflow, the institutional support, the weekly support and daily candles, at the end of the second week of march the price will become bullish again, unless something extremely extraordinary happened (can't imagine).
Based on the weekly support ad fibbonaci retracement the bottom price this trend likely could be $40.000, and there's a little chance that it touches $38.000
In the next few days, the descendant blue line is the resistance line, when the price passes it will oscillate in that fibonnaci support levels, between 43.000 and 48.000, or 43.000 and 40.000.
Finally we expect that in march 5th BTC has reached it's ultimate bottom this trend, and next step is the moon (>$63.000 in april)