Several days ago I posted a story about five symmetric declines in the price of Bitcoin through the last year.
In that post I stated that any future decline would likely be around 30-35% and that we were dealing with something other than routine if we went into the 35-40% range.
Here is the updated chart. My guess is that we have more downside and then bounce hard. It is very likely an opportunity is at hand to get Bitcoin on sale. Either way, manage your risk!
TN Trader
From a trading perspective, I could imagine to wait a little longer. Not reached a 'real extreme bottom' yet.
I agree...