Bitcoin's Next Leg Down

The last 24 hours have been quite dramatic for Bitcoin, falling almost 21% from highs to lows.

A few hours ago, bitcoin bounced quite sharply from the up sloping trend line, regaining some ground. I'm unsure if that is enough to go back to the $40k area, though.

I see Bitcoin either reaching for the up sloping trend line again and reversing, or the price will fall straight to the next major support at $30k. In case we see another massive sell-off like we saw early March, we could even reach $20k again, but that would be highly unlikely.