We did 5 waves in this downtrend dating back from the 20K top in December. If BTC manage to stay in the falling wedge there is a good chance that this is the inverted ABC correction with possible breakout around 20/26 February(After Chinese lunar year celebration on 16 February).
Corrections like this are healthy for the crypto market, bud on the long run this is clearly a bullish revolutionary market.
Did you see the buy volume last days when we touched the 6K? Strong buys activated when price hit that zone!
Target: 11.300 USD if the market goes FOMO we can see the breakout here otherwise we will do a possible double bottom.