Possible BTC retrace to $12.5k?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I am imagining an ABC retrace (after an 12345 bounce from 10k).

The retrace should stop at $12.5k or so, where are multiple fibs in confluence, as well as the daily S2 pivot .

I am thinking that should make for a double bottom with second one higher than first, the most bulling sign for BTC .
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