I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.