Bitcoin is in a massive squeeze which will result in a very big move once the price breaks out. The direction is still unclear so I present two scenarios.
This is scenario B: The bullish break-out.
In this scenario the price keeps on moving slowly a bit lower, but then strongly reverses the direction and starts a very big rally towards the end of the year, after the BTC reward halvening (which will happen in about 12 weeks).
P.S. Here is a link to scenario A: The bearish break-out: