why you think it will continue to make new lows ? i think as a long term view cryptocurrencies are a good investment, if you are a trader and look for profits in short term, maybe you are right, but in 10 years or 20 years, if now there are 24million wallets created of bitcoin (maybe less users because 1 person can have more than 1 wallet) and the active users will be way less... how many people do you think in the future will be using cryptos ? if more people use this platform, it will be higher the value... like facebook, it was not worth the same when it had 10 million users than 500 million users...
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My opinion is based only on technical analysis! I don't speculate news, rumors and other staff. By the way, I'm mid-term investors in cryptos, not a trader.