Bitcoin had a bear trendline, which can be drawn from the top of the first outside bear bar, to the low of the first bear bar with a large tail. The blue trendline marks the lower low successful retest. Also, there was some overlapping bars prior to the slight increase, which marks a potential failed Bear Final Flag, and is a sign of upcoming protracted bull trend. Another salient feature, is that Bitcoin has made a 3 Push Down, with each move down decreasing in strength (and therefore, resembles a Wedge). There are two ways of drawing that 3 Push Down, although it is not shown here.
For the above reasons, it is likely that Bitcoin will make a retest to $20800, which is a major swing low prior to this significant decrease.
For the above reasons, it is likely that Bitcoin will make a retest to $20800, which is a major swing low prior to this significant decrease.