I expect a decisive dump coming for the reasons explained below.
Why decisive? because I think that the outcome of that expected dump will define whether we have already bottomed or not.
If the 200 weekly Moving Average keeps playing as a strong support for Bitcoin, the chance that it already bottomed is high.
Bitcoin is testing a long term...
Rising wedge on the 4h time frame with declining volumes => Bearish
Rejection of the $3,480 resistance level => Bearish
Sell signal on Stoch RSI 4h (lives crossing each other) => Bearish
Lines on the Stoch RSI Daily getting closer from each other => Bearish
BTC is touching the ascending trend line of the RSI on the 4h timeframe => Bearish
Ichimoku: The price is...
A lot of short positions have been flushed recently without short squeeze effect
US Shutdown negatively impacts the ETF decision. I expect a rejection between Feb. 23rd after the last trade of the CME futures and Feb. 27th the ultimate deadline