"
BTC broke all major support lines, and the worse is yet to come. "
the worst is yet to come? we fall from $ 6500 to $ 4500, is that not the worst?
breaking lower the 4900 will easily take us to 2900-3100 which is a strong support formed on Sep 2017 from a previous resistance formed on June 2017
2900-3100?
this will be very bad, if the price drops to $3100 we will see a big panic sale and it will be very bad, I hope this does not happen and that the price stay above $5000
the only value that BTC can't go to is a negative number. anything from 0 to million is technically possible. when btc dropped from 19k to 10k we thought it was the bottom ! , 6k we were like okay this is the very bottom.
identifying the bottom is really difficult. but one thing for sure. as long as we are above 7500$ "prev high" , we are still in a bear market any there is no limit for how low we can go. but i am placing my bet on 2900-3100 to be the bottom of this bear market, somewhere around mid to end of 2019.