What is this trend based on:

1) Current performance is based on what news in circulating in market regarding bitcoins. Currently, news like companies banning crypto ads kept the price in check and thus we have not seen much growth.

2) If we start seeing some positive news now, the trend is expected to change. In any case, if price goes to below $3000, it will probably collapse further. And all the alt coins will die as well in such a situation.