Bitcoin appears to be on an A-B-C (5-3-5) correction Since reaching $13,031 on January 20, and would appear as if the correction may have a little more to give.
On wave “C”, we appear to be in a 5-wave downward correction and are currently on Wave 3.
Wave B is 0.786 Wave A
Wave C is 1.618 Wave A, with a 5-wave impulse down (currently on wave 3)
Looking for ~$7,300 BTC .
Time will tell which count we are currently on.