There is NO way this will continue falling without a correction all the way to $1000. We are oversold on almost every time frame except the monthly. Like I wrote we are approaching some kind of a bottom. It could be a brief local bottom where we continue downwards or it could be a final bottom before new ath. Time will tell.
Agree. I am looking at the medium to long term. Of course there will be corrections, but the trend is now down, and there will not be a new all time high for a couple of years or more.
This is a repeat of early 2014, the patterns are easy to see. The variation now is that the alts have a larger share of total market capitalisation. Capital will flow back to BTC, but it will not reverse the trend overall.
2 year view, BTC will fall 65% from the peak, alts will fall 70-90% (with many going to zero ultimately)
