Where is the possible big bottom for BTC?

[BDLLTD]

BTC has recently shown signs of bottoming out, but data on multiple levels suggest that the price could fall further.

During the previous bear market, BTC's price dropped about 85% from its peak to its eventual low. So, if history would repeat itself, it would cause BTC to drop another 50% from its current levels to come near $10,000.

Will history repeat itself? Many people think it won't, for no other reason than the fact that the disk is getting bigger, institutional participation is increasing, and so on. But in reality, if Bitcoin can't hold up in the $14K-$16K range, the risk of a repeat of a similar collapse is higher than most people estimate.

[MongiIG]

 

All the best - MongiIG