Currently, we are below $3800. And actually we've been like this for several days now and there is no sign of a collapse of price that would drive us to $2000 or less at any time soon. Price is just making sideways movement right now, but definitely not going down like that.
There is not much volume at the moment, hence the tight range of $3500 - $3800. Most of the money is sitting on the sidelines. It's only when traders go back into the market we will see which way it will jump - and it could be a sell off, depending on the news in the next month.
