Bitcoin today went down through the 2000$ level, but bounced back at the bottom of what seems to be a descending channel - on the linear scale.
With the coming Bip148 and Segwit2x transition lasting from 01.08.2017 to 15.11.2017, there is a whole lot of uncertainty and so a lot of people moving out of bitcoin, waiting for better and clearer times.
When this linear channel is indicative, price of Bitcoin may well go down to the 1000 level around 1 August, move up a bit and then slide all the way down to the 500 level around 15 November, finding resistance on the lower parallel logarithmic ascending trendline. And from there moving upwards for the rest of 2017 and 2018.