$BTC along with many alts are in insanely oversold territory. We have seen BTC rally back up and retest the trend line once so far and in the past 2017 we saw 3 taps on the down trend line before slowly breaking through (See chart in 2017 as posted) This doesn't mean we'll see this happen but where we are currently it would not surprise me to see this play out.
Target - $25k - $26k for retest of bear channel trend line
Target - $25k - $26k for retest of bear channel trend line