looking at patterns indicators, structures We are similar to January 15th week 22nd January 2018 which was a 55% drop. Although that was the end of the bull market, we are now at the beginning of one. But what will a recession bring? no one really knows
17th August 2015 brought the 1st and only drop below 20MA which was 22% drop which would equal $6900 today
Best case an intra Week 1st August 2016 drop of around 14% drop below 20MA (similar pattern as now) looking at around $7800