It’s currently forming a large on the 1hr, which if broken down will likely cause bitcoin to drop to the 28740 level and most likely break through it and break down through supports towards the 16-24k price range. But could no doubt go lower.
Once we bottom we will then make the build back to all time highs. I personally think we’ll see 65k at the end of the year. However many people believe bitcoin will go 100k+ a months after its bottom, in my opinion this wouldn’t be great for crypto as the price would be built up on hype, compared to the steady build up on the price.