A clear breakout has occurred in the 4 HR timeframe. The price might continue to go lower above the descending trend line but it seems that it cannot reach lower than 20$. It may take a while for a sharp start, but high targets are reachable within the next 300 candles in the 4 HR timeframe (300*4 HR=50 DAYS). This coin has a great fundamental situation.
Due to the many regular divergences between the price chart and the CCI indicator in 4hr timeframe, it seems that the lowest acceptable price for bitcoin is located in the triangle base. The price might cross below 42000$ for a short period of time for gaining liquidity by the brokers. But it will touch higher targets in the following months.