The continuing decline where Bitcoin goes to deeper and deeper levels is very clear. If the pattern continues, the next bottom will be on February 20 where it will drop below 4000. Continuing, then the next bounce will only reach up to around 7000, followed by an even deeper drop.....
I don't think bitcoin reach back to 4000$ and all.Now the price of bitcoin is around 8500$,due you think the price will raise back to half of the current price.After the Chinese New year the price of bitcoin will reduce due to the selling in china,but it will not reach 4000$ and all.