Currently, we've seen that bitcoin weathered the China news and the Korea news pretty well. There's a chance for another rally that'll follow the thick green line (tagged "irrational exuberance").
Still, the prevalent channel BTCUSD appears to be in is downward. The weekly is still below the monthly (though a small push could reverse that & lead to the aforementioned rally.
On the downside, there's a downward-slopping neckline that's been touched by multiple lows & the breaking of which completes the "double top", which could lead BTCUSD to the second thick green line (tagged "exaggerated growth" / target 9k). We have a quarterly that adds additional insurance against this, however.
My opinion on this market remains unchanged: the best bets are on relatively new alts with high potentials & low prices.
Another 500 or 1k drop, and bitcoin will go to 5k.
With those futures, it may or may not go to 20k again. I however can't pretend to know more than you do :)
I tried to buy the "bottom" & lost even more. :D
Check coinmarketcap --- bitconnect is going to 0 :D