Bitcoin reached the all time high of around $17,000 and crashed to as low as $4,000 which was around 23% of the the ATH. If we're to use that equation to determine what the ongoing bottom might be, it means we're going below $15,000 which is 23%, of the current $65,000 ATH at the moment. I hope it doesn't go down to that before we're good again.
Maybe it can go below or maybe not, there are chances but still depends from how the investors and the traders will react to this current
market, if there are more risky traders and holders who likely buy this cheap coins, all those dumped coins will be hold and create good barrier.
though the chance also that fear will move weak holders to sell out and turn their back away from the market, you have to learn more before
concluding your investment decisions.