On the BTC linear chart, Bitcoin has been forming a large very similar to the one created after the 2014 Bitcoin bull and bear market. As the shows, the tightening of the 2018/2019 downward is very similar to the 2014 pattern. As this pattern reaches its end, we should see pressure break to the upside, reversing BTC trend and entering a new phase of upward price movement. However, there is still short term BTC downside to be realized. The 2014 pattern shows a falling below 30 before the reversal begins. If this pattern is play out, I would put the probabilities in favor of BTC finding this sometime in the next 60 to 90 days.
Additionally, The BTC 200 Weekly Moving Average has been a significant line of support throughout Bitcoins lifespan. BTC price pierced through the 200 Weekly MA in 2014 twice, forming a market low and a higher low, before confirming a trend reversal and setting more higher lows and higher highs. Currently, BTC rests on the 200 Weekly MA, showing that we are near a historically strong . BTC price may pierce through the 200 Weekly MA once or twice similar to the 2014 pattern, but I would expect the dip to be bought and bought up quick.
BTC is near bottom folks. Rejoice & BUY THE DIP!