It will stay down till 16th Feb maybe due to the Chinese new year (might go down more), that is what I think + many people are talking about it.

Couldnt agree more, the price has found support in $7k range however we need more confirmation to define if the downtrend has reversed and in this case we need to see the price break $9,5k trendline for short term trading and retest back into $8,5k which will be the the second buy setup i've been waiting since buying in $7k area. This however only confirm that the trend will gain slight momentum towards $10k area. The price needs to break around $12k area to totally regain the upwards momentum and starting the bullish trend. Stoploss set below $5.9k but noted this review and suggestion didnt intended for choppytraders 

Ranging price between $6k - $7,5k so there will be my most buying position and limit setup and anywhere below $6k will be my stoploss, need to see more closing candle confirmation, mostly done by using line chart.

Here is the 4H chart with the same trendline which conform the downtrend still in play with some pullback momentum upwards, however this doesnt mean the trend has changed. However we need to know that bitcoin movement is the most volatile and trend can be changed in days countdown and not weeks or months 

Now bitcoin will grow!
All the news about the ban of mining in China, turned out to be the tricks of hackers who earned on the fall of the course!

You can not forbid something that you can not even hold in your hands