Most likely we would see a reversal here. This can be even a major trend reversal or just a local retracement, we will see this later.
Bitcoin can see a new bottom, if it cannot climb over the next strong resistance level. Possible targets: Target 1: 3100 Target 2: 2950 Target 3: 2750 Not a financial advise!
There are two ways BTC to go at lower levels. First scenario is to make an ABC and visit a higher level than B, then go down until 3800 - 3500 USD levels. Second scenario is BTC to make ABCDE and go down directly (which is my favorite). Not a financial advise!