If we see under $3k, its likely to headed for $1300 says Tone Vays. Also bearish as fuck.
I was just listening to him and no disrespect but anyone can get ahead of themselves. He called it himself, RSI as massively oversold. A bear market can have sharp spikes upwards, I wish it was so easy that it just moved in one direction because thats free money right with no worry. This recent action seems to highlight the market is unlikely to move down without resistance, even to be negative it has to wear out buyers first.
So price is now about 50% retraced from 4100 and 3879 would be 61% I think any bears will come back in about 4000 which is the 8 day average and a round number which always seems to be a thing
Im not guessing anything like a trend down, nothing neat like that. Its more like a straight range we trade in
Now you mentioned RSI, here is my pro level RSI TA:


Edit: I see RSI hit 30 in September 2014 one more time on that 5year chart so, maybe we lose another %50, which means $2k.