That's usually a proven sign of a multi-year downtrend top, so I expect another 2-3 years trend toward $250 or so. Excellent shorting opportunity if you know enough science and math.
Damn. We are only 2–3 years from being done faffing about! Confirmed science and maths say 🚀🌙.
Probably bounce around for years while generally moving down toward $1k.
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.
Once enough of the market accepts what's already confirmed, the dam will break and we'll continue our market back down toward $1,000, and then, of course, below that.
Go, proudhon, go!