Charts are nice but look at it from mining viewpoint and it is easy to see 15-17k is likely to happen close to the July 15 possible fed rate day.


here goes a s17 set to low power does 42th

42 th is 42 x .0895 = $3.75 earned

burns 34 kwatts so 34 x .08 =  2.72

profit =                  $1.03  for an eight cent farm with paid off s17 so a 1.4 megawatt farm which is still small for a commercial farm
is earning about 1k a day

this is current price of coin and current difficulty. I can tell you most bottoms the 8 cent miner is just under water.

that means 0.0895 per th needs to be 0.0640 cent a th

0.0640/0.0895 x 22000 = 15731 per coin puts the 8 cent miner under water.

I have mined since 2012 and crashes tend to stop at the 8 cent red line price point for miners.

so I stick with 15-17k as bottom.