Broadening right angled descending pattern with a potential to break to the upside or downside equally. However, with the appearance of bullish divergence and a bounce off of solid support, we could see an average of 28% climb--the green box.
We've yet to see the worst of this bear market, possibly. Based on the past, a -60%+ move could be in the works. Placing us around $2.3k. We've just crossed the 20 ma, signaling more selling. Let's reevaluate BTC in the new year.
Elder's Force Index helps to determine turning points in the market. If you look at the weekly, each spike in the efi has retraced to zero or below. The reading has yet to approach zero. However, when it does, a turning point could be near.