Retracement from 8500, but it hasn't broken below the top of the first wave in an Elliot impulse wave. Although it's broken a key fib level, if it holds here we could be looking at a nice pump to 9K which would line up with the 0.786 fib.
March 3 to April 12 pattern is repeating almost exactly, except for a brief retracement (5) at the end of March. So BTC should break upwards in a day, and go to 8300 around July 7th.