I say this phase has already begun. So, what do you guys have to say?
Well, as of today we lost that support and if we tend to go back at history just like what 2017-2018 did with -84% drop, then we'd be havind that $11k-$10k level. I'm not saying we will exactly hit these levels but fundamentally there are still a lot of factors to consider before we hit that capitulation wick.
Just want to say, it will be hard to say we bottomed already, a further below is what I'm expecting. Remember that winters in the bear market and we have still one month before the year close and last time in 2018, December was the month we hit its ATL.