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%.
Not sure what do you mean by the "same point". In time?
Overall 2013-2015 decline was 1160 (bitstamp) to 171 (coinmarketcap data) or 85%.
So far, this cycle it is 19873 to 4035 (lowest), which is about 80% (79.7%).
Right now, it is 78.8% (still much lower than 85% in 2013-2015).