Why I think Bitcoin will go up.
1. At the moment we have similar situation like in JAN 2015 - We drop hard and everyone is scare to go lower (most of the people sell low because of fear of loose everything)
2. The time frame after this ATL of 2015 fits the potential breakout in 2019 (273 days) and looks like there are red line resistance around the end of this...
The 4800 level looks solid and BTC slowly going to this price. What we have here is solid major support and down line of the decreasing triangle. At 4800 level I expect booring trend which can bring end of this bear cycle
Now BTC can go to 12800 and if it bounce from this resistance he will continue ride down until about 9000$ and then whales come to the market to "cut all sheeps ". Look at the Tether 24h volume ! IS HUGE ! is about 3 000 000 000$ just little bit less than ETH. So brace yourselves and be ready for the ride