Since Tuesday, March 19th, Bitcoin has finally dropped to $4000 which was only a 3% drop. What this is telling me is that we could possibly bounce here as this ascending channel is being ready to be broken or we will retest $4200 before falling back down. Because the bounce at $4000 was weak, it seems very likely that we will have one more leg down, with another estimated 2.54% dip to $3937, right at the 38.2% Fibonacci line before bouncing up to retest $4100. If that breaks or the bounce is not strong, then what I am doing is waiting for the absolute bounce at $3625. If we are still in a Wyckoff re-accumulation phase then this could spell trouble for bears but MACD and RSI do not coincide with this belief even though volume profile does.