Bitcoin's still in bearish market, as it has lower lows and lower highs. Another indicator may be that it failed to break-through that 200d EMA line. In 2017 bullish market BTC was above that line for quite some time.
Now we have either a big Falling Wedge Formation or big Descending Triangle. Hard to say as that lower line is tricky.
Next target is ~$5,650 which is that lower line support, and after that another small bull run to ~$6,800 is possible. It looks like Bitcoin's going for 78,80% correction, and the price of $4,200.
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@Konrad83, I can say You this much, that I'm still bearish on BTC. On weekly chart, BTC dropped below 200d EMA, which is also 78.60% Fibo line. It's struggling to overpower that resistance and it doesnt look like it will.
Below 78.60, which is $3,500 are 2 major supports: $2,900 and $2,200, so BTC can stop at one of them. To put it simply: as far as BTC is below 200d EMA on weekly, I'm bearish on it.
There's also rumor about that SEC isn't approving ETF on Bitcoin this month, as market is still too inmature: "Government enforcement defense and securities litigation attorney of Kobre and Kim LLC, Jake Chervinsky explained that the process of receiving the final decision by the SEC for the nine ETFs will take significantly longer than the expectations of investors in the market".