Failure to hold 5 digit BTC prices paints a decidedly bearish picture for the crypto market in 2018. After a ~28-month bull cycle it's not implausible to expect a more extended bear market. While I don't expect a repeat of the 2014/15 bear market, 12-14 months of downside/consolidation would not come as a surprise. It's worth noting that the 100D MA has provided support since 2015 and is now acting as resistance (a first since 2014). For comparison, the 2014/15 bear market saw a ~90% drawdown for Bitcoin. A similar cycle would land prices circa $2k.
Good luck, stay safe, and remember that opportunities abound in both directions.
Good luck, stay safe, and remember that opportunities abound in both directions.