Based on the existing trend I think bitcoin
has bottomed out and is heading higher soon, but maybe not at the same pace as previously during the run from 3k to 20k. The thick line is resistance now and was previously very hard to breach. The slope is positive though so there is no need to pass this resistance to keep going up. The FUD has been immense but bitcoin
is not DEAD. After a dump like this I think price will go sideways to shake out impatient people.
TLDR: The local bitcoin
bubble has been popped (as many times before), and I think the price is already recovering.