Quote from: mrcash02 on December 27, 2018, 10:53:53 PM

I expect two scenarios. The good one is the recovery phase, so BTC can start rising again, but slowly, gaining support from new investors that were fearing to invest because the currency could be dead, as many people told.

The bad scenario would be the continuation of this one. So BTC price would keep falling with little intervals of pumps until it reaches to an unknown, but low value that will decrease enthusiasts hope even more.

I'm guessing it'll be a combination of both. While most people look at the chart and think of 2015 as a sideways period, the sentiment at the time was extremely bearish. Bulls were hard to find and we kept threatening the lows. In retrospect, it was an accumulation phase, which is often characterized by spikes below previous lows followed by strong bullish reactions.

If we apply that thinking to the current chart, we should expect one or two spikes below $3,000.