After a clear 5-wave impulse bitcoin has retraced 38.2%. Volume confirms this is a correction. Volume increases throughout the uptrend indicating it is a strong move. Volume declines to very low levels throughout the retracement suggesting it is a retracement and the prevailing trend is still in play. The uptrend could resume now from the 38.2% level, or it could retrace further to the 50% which coincides with the price barriers around the 4th wave of the previous uptrend.