Bitcoin continues to pullback in what we think is a wave 2 correction . The most common pullback for a wave 2 is 61.8% of wave 1 . That is at 8400. Depending of the reaction we get from current levels we should be able to make an assessment on the upcoming 3rd wave impulse. I would continue to watch the upside zones of 9200 and 9600 alongside the down-sloping trendlines . The idea remains that of an upcoming large 3rd wave of a bigger impulsive move that should take bitcoin over 20 - 30k in the upcoming year.
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For more info see my profile. Trade well.