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 that it will continue to go down. This month of February, bitcoin's value will range from $8k-10K. It is more stable now and ready yet for another bull run except of course if there will be more negative news from media that could drag it's price down.