Based on BTC daily chart, it has stayed in a downtrend since previous ATH. A recovery which breaks above 42K has not happened after it dropped to 30k. Volume is also decreasing. Based on EMA 50 and 200, it has formed a bearish cross where in history it indicates the beginning of bear market. Based on MACD indicator, signal line is also crossing which indicates a further downward movement incoming. This death cross may create extreme fear to the investors which may bring BTC down to 15k to 21K and in my opinion this will be the best entry point we can see so far.
the Death Cross is lagging indicator... the beginning of the downtrend has already begun since a month ago. but i do agree we are looking at btc dropping lower; IMO 20K and under.