Bitcoin broke down from long term log support line at Nov 2018 and not suddenly it spiked back up parabolicly. This can mean two things
1) break down and then spike back up making it big bear trap
2) Retesting of the support line which is now turned into resistance
If case 1 is true then a HUGE bull market is ahead us!!
Or If Case 2 is true then a bear market again starts from here and we can see lower low price of bitcoin. Targets will be
a) $2900
b) $2300
c) $1400