Bitcoin will more likely continue down till it hit this key demand area. As a supply and demand trader, by hitting that price the retracement will look perfect and which also confirm with fibonacci retracement before the price will jump.
As like all other graph, it doesn't matter if it's gold, stocks, crypto etc. this kind of demand areas is always a very good buy opportunity. Trading without confidence (which makes you emotional) you will loose guaranteed, because you let fear and hope make the decisions for you. This happens in all kind of market. Don't lose faith, patience is key. be greedy when everyone is fearful.
Disclaimer: Trading has a high risk level and may not be suitable for all investors. Before you decide to invest, carefully consider your investment goals and risk willingness. The possibility is that you can sustain a loss of some or all of your initial investment and therefore you should not invest money that you can not afford to lose. You should be aware of all risks associated with currency trading and seek advice from an independent financial adviser if in doubt. I'm not a financial advisor and there is also no content in this article that is presented as financial advisory.