BTC is trending down a bearish channel in what could likely be a falling wedge reversal pattern closing around 4-5k. However, BTC is poised to bounce on the trend line support around 6k, which is also the last bottom price. If support is found at 6k, watch the price to see if it breaks the trend channel or falls at resistance. A breakout above the current trend channel could signal a reversal with the double bottom. RSI is also about at 30, which is oversold. Btc has a previous track record of bounce when the RSI is oversold; however, like when overbought, RSI may stay oversold for some time.