Uptrend is more likely, bitcoin is already oversold.
We cant deny other options tho (: , everything is open.
TA is promising for huge break out and uptrend.
FA is unknown and there's alot of fud and fake news.
We need stronger FA and more good talk about cryptocurrency's which there already is a ton of people and companys, groups, countrie, govs get involved and support it.
I see a promising future for crypto which is hard to be denyed and crushed, it can easyle be delayed by govs tho.
The uptrend channel looks good, if it breaks there's high chanses of cotinueing down trend.
I'll keep you updated if there's any changes in trend / TA.
(THIS IS ONLY MY OPINION AND MY WAY TO LOOK AT THE MARKET! YOU CAN FOLLOW IT WITH YOUR OWN RISK)