Bitcoin is in an obvious bearish channel at the moment and frankly I don't see it moving out of it before the end of the month at least. You can see levels clearer in my previous version of this same idea but just wanted to zoom out so you could see what I do. *I am not Roger Ver, btw, nor am I trying to spread fud, it's just obvious to me looking at it...
I'm noticing a similar pattern from what happened on Jan. 15th. 35% drops followed by recovery within bearish channel. Waiting to see what happens at the 8400ish level. Once past that it still has to break well past the greater channel. I'm watching the Feb 28-Mar 1st area to see what happens there (channel border) as well.