In my honest opinion i don't really know where the market is going. But base on my charts and Fibonacci placement, it's a downtrend. This is a weekly timeframe for BTC, as you see BTC has set a new Lower Low. I would expect more downside to come for BTC. Much more fake outs and much more bear traps. On the other hand, larger players like whales are buying up BTC at the scariest dips. Worst bearish scenario base on fib targets it will be 36392.50 BTC. I still feel it's a bear trap.
BTC Weekly
BTC Weekly