Assuming a $5,000 Bottom for BTC, Where Does it go?

estors in the public market, especially Wall Street, often develop strong interest in an asset or a commodity that drops 70 to 80 percent in value in the short-term because it represents a viable buy opportunity.

Mid to long-term traders and investors are not momentum traders; they aim for investment opportunities that could generate strong gains in the next 12 to 24 months.

Bitcoin has seen this exact movement in 2010 and 2014, and minor corrections in between 2014 and 2018. Every correction has led BTC rebounding past its previous all-time highs and establishing a new high at a region that is 100 to 300 percent higher than the previous region.