Bitcoin has seen another big correction in the first week of January. BTC is now 40% down since the all-time highs of November. There has been some support formed at the low 42-41k level. I'm bearish on Bitcoin however whenever there has been a big sell-off, a small bounce from the support area nearly always happens. The target of this long idea is for BTC to rise and retest the 44k level. The stop-loss area for this trade is located just after the bottom of the recent wick near 41k.