Following Feb 5th update, BTC spent the last two weeks forming sideways movement and moving towards the blue trendline.
BTC is expected to come in touch with the said trendline during this week and if we see an increase in demand followed by a crossing above the dotted trendline, then we might see BTC heading for higher levels and setting new ATH during March.
Crossing the blue trendline followed by a daily close below 89,000 level means, BTC will probably keep dropping towards lower levels.