I would like to ask a question to the long term hodlers governing this thread, the ones with the hat: How down do you think the btc/usd price can go before next ATH?
If we assume the 2014 scenario, then 2700 would be the absolute bottom with consolidation in the 3000s before the next rally. We also have the formidable weekly 200 SMA around 3200.
It doesn't portend well, however, that we're down more than at this same point in the 2014 cycle: -80% vs. -77%.