Since BTC
was at 20000$, because of the tail risk created by the previous
parabolic growth, a huge swing to drop it 50% (to 10k) was expected, as
last 3 dips in BTC were around 50% each time. But it happened with a large delay, 1 month later. That made Bitcoin
lose its strength and enter in a wide range where trend became uncertain. Bulls rejected the support level
at 10000$ and BTCUSD was going up for a while. Finally 9500$ support level broke-down and BTC found a strong support only at 6000$.
Good news it that this correction discharged tensions
created by the exponential growth tendencies, but first I expect to hit
a resistance
somewhere below 12000$.