Bitcoin is completing the ABCDE correction, after which there is a strong possibility it will start a new uptrend up 12345 Elliot Waves
There is a small chance it will go lower if it pierces the bottom support line, but I don't see it dropping too low, because high highs and low lows are usually fueled by some external news which didn't really happen this week, therefore I see the price rebounding back up.
Check it out on tradingview.