Bitcoin has experienced many things since its existence, which is not so long comparing many ancestors like commodities, money, gold etc. but BTC has not experienced a lot of other things! and I can strongly say one important thing we need to see how bitcoin reacts to, is a world economy crisis.

To be able to forecast and analyze BTC's response to an economy recession or crisis, like the most recent one in 2008, we may need to simulate the people's behavior when they hit by recession. or maybe we can try to speculate BTC comparing with its competitors: investment options; which are gold, stocks, currencies etc.

Let's talk about DJI, or more specific, S&P500. According to the data Greenspan compiled from Coinmetrics, BTC and the S&P 500 currently have a correlation of roughly 0.6. This is the highest correlation we've seen since January 2011, when correlation barely exceeded 0.3. Greenspan says such a value indicates almost no correlation at all. 

if we forget about possible correlation and see BTC independently, I give the high probability to a rising trend on weekly chart. even in daily chart see what we have:

we have a "higher low pattern", an "ascending tri-angle formation" and a "golden cross" which is the EMA50 and 200 cross. 

all these patterns are bullish, some extremely bullish! so there will remain the one million dollar question: how bitcoin reacts to another fall in DJI and S&P500, which are very likely in my belief?!