do not think it will go down further. Bitcoin will go back to around $5K level and I expect the marketcap to follow the trend.
We might see a significant increase by first quarter of 2019 with the launching of bitcoin bakkt and ethereum 2.0
Three scenarios are possible:
- growth from current to 4600-4800 (unlikely)
- retest 4100-4200 and continued growth
- retest 3800-4000 if this level sustains, then there will be a continuation of growth, if not, we go to 3000
By the way, tomorrow is the closure of CME futures. It's possible that whales will want to lower the price.