In 2015, the exchange rates had reached a new low of around $200 per coin. The historical peak at that time was $1,231 per coin which was attained in 2013 December. So the prices in 2015 represented a 85% decline from the peak valuation. Going by the same logic, an 85% reduction from the peak in 2017 December ($20,000 per coin) comes to around $3,000 per coin.
4k is already a good point of entry.
There will be a massive bear trap before the price recovers. Until now there is no sign of it.
The bear dream is the three-digit nightmare train. The trap should induce the shorters to keep closing their positions until they get squeezed around the $1,000 area.
They need the bull traps to make a profit, but they will be always shorting, since its not of their nature to hold bitcoin. They dont believe in it, their objective is to accumulate fiat money.
As soon as the bear trap closes, we can resume a upward movement.
Those with spare fiat can take advantage of the moment and buy some.
