Breaking the purple support line would be confirmation of trend break, but I think it's certainly happening. We'll have to see if price action just cuts right through or not. I think this selloff might be a slow bleed.
Second wave of the deflation shock. I would have been surprised if btc would have just ramped up again after this kind of crash. 3k looks very low but certainly not impossible. The long term uptrend that has been established since 2015 would break at about 4.7k and has already been wick pierced 2 weeks ago.