Bearish pattern possible on BTC/USD.
Could potential go to $3000 - $4000 (mid line)
In worst case scenario, it may fall to bottom support line.
long term bearish target might be under $1000. (I highly doubt it)
Bullish pattern possible on BTC/USD.
Could potential go to $50000- $70000 (mid line)
In best case scenario, it may rise to top resistance line.
Forming Symmetrical Triangle Pattern.
Overall, the trend is downtrend but it has potential going upward for a long term.
Last 2011 to 2015, the price has fluctuate below Fibonacci's 50%.
However, after that the price is moving above 50% of the Fibonacci's range.
For now it is the best to see if the price can bounce from Symmetrical Triangle's support line.