Looking towards more downside for Bitcoin

Try as I might, I can't find a reason to be bullish on this chart by price action. Add in current macro economic conditions and whew...Only bullish thing I can think of is that summer vacation is about over and traders are getting back to their desks. Another thing that worries me though is that we are currently trading below an institutional moving average on the daily that should be above for a bullish long-term outlook. Perhaps I'm being naive and they are accumulating on the cheap or not and we could be heading for a much lower price. From what I see and have charted, between 9000~12000 is where we'd likely see a bottom for this cycle. Either way, long term I'm extremely bullish for the blue chips in crypto's. Rough estimate by drawing fibs is that we'll be around 336000 per bitcoin in 2028 and worldwide adoption by 2035. So in my opinion, stack those sats. Thanks for reading.