Comparing the current trend of BTC with the trend after the high point in 2018, it can be found that after the high point appeared, a round of decline began, followed by a consolidation range that stepped back to the bottom for many times, and finally the price quickly fell below to form a real bottom.
In addition to this, it can also be seen that the 2018 high-to-low drop was 84.27%, while the current BTC drop since the high is about 75%.
If BTC reaches a low of 9920.33, it will drop by 85.62%, which is similar to the drop in 2018.
If combined with the overall environment, BTC, which belongs to the risk market, has the opportunity to come to around 10000.
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For now, focus on the support below
14646.25
12841.53
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