It means that bulls will come soon and this is bear market capitulation. With Bakkt on Janruary 2019 and ETF's coming market will recover faster than bear market in 2014-2015, because market is much more mature today.
I think that FAN angle is a good support to bounce from this leveles to the up side. If price drops below 3000$ and enters death zone, so then I assume that game is over, and market will enter to unpredictable long term bear winter.
Also I would like to mention that this move to the downside on weekly chart is already out of gas as it is shown on .
I expect Bitcoin reversal to the up side.
I expect bounce up in few days.