Is there more pain to come?
Kiana says, “yes, to $11k.” Kavita says, $14k.
I have two floor models for BTC. These are two long-term trend lines, going back to 2015.
If we start with the bottom in August of 2015, the trend line indicates a bottom of $17,400. So, in this model, we almost hit the bottom on June 18.
Is it possible that we have already hit the bottom? Yes, we could have already hit the bottom, but we could potentially revisit this bottom.
If we start with the bottom in August of 2016, this trend line indicates a bottom of $14,700. So, in my analysis, the worst case is $14,700.
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