I think you are right, I'm not really experienced with technical analysis but in my opinion think it's about time for bitcoin to take a bullish trend it's just a matter of when; as altcoins have been getting all the attention lately. But I think shi-tcoins like you said will not resist, sometimes this kind of scenarios are healthy to clean the cra-p, coins. but BTC, ETH, Ripple, Cardano, Nem, XLR Litecoin, NEO, IOTA, DASH this coins should not have any problems recovering, well this is my opinion only.