It's near the mean of a very strong rise that started one month ago. The mean of a rise started in 2015 is around $1350 now. I don't think Bitcoin will drop that low, as it would require a drop almost immediately. The longer this movement plays out, the higher that mean becomes. But whatever happens, I'd rather see a bottom be reached sooner rather than later.

Imo, the biggest problem right now is ETH. It was $8 at the beginning of the year. It's so severely inflated, that if it keeps crashing, it's going to keep taking everything else with it. That's what happens when you let a competitor gain too much market share. It's stupid that I find in order for BTC to hold its price, or continue rising, that requires ETH to hold a 13x inflated price (since the beginning of March).