Recent 1K+ retracement is normal and very healthy – but it would have been unhealthy if it didn’t happen. Retracements (blue arrows) at breaching 4k, 5k, 6k & 7k were of the order $500 and all made higher lows. 6k was the exception which sailed through with barely a flicker. Now that the BTC price has more doubled from the Dec 2018 low, 1K or more temporary retracements are to be expected and although a 1K drop looks alarming on a small scale chart, the percentage correction is completely in line with the previous corrections (as the base BTC price divisor has more than doubled). The retracement at breaching 8k was actually larger than the recent 9k retracement and did come close to making a lower-low compared to the 7k correction. However the current 9k retracement low (~8k) is 1K higher than the 8k retracement low (~7k) – so very healthy. Even a 2k retracement from 9.1k would still have made a higher-low and should have been fine. The steep parabolic curve and daily RSI up to 8k was unsustainable and would have resulted in a major reversal if it continued. The healthy retracements at breaching 8k and 9k have considerably flattened the parabolic curve to a level that is more sustainable (in the absence of a bad event, manipulation or panic sales) and the daily RSI is also no longer in the high overbought regions.