Trying times for Bitcoin; what happens next?

Price has to close in the trading range-5777 sometime this week or next in order to be considered a Wyckoffspring. If not, this might signal continuation of the trend. Also, the 100WMA hovers just around the new yearly low so, price might not get below it so easily. Considering a new cycle low has been formed confirmed by cycle time zones in horizontal blue lines, might be difficult for bears to out in a new low just yet.