A bit of a wild one but It's worth sharing. Technically BTC has been on a wave pattern and also in a channel. The price seems to have completed a 1-2-3-4-5 wave pattern and currently undergoing an ABC correction. The price also seems to have broken the support of the channel. If all our hypothesis about channel, wave pattern and ABC correction are true, the near term target for BTC is about 12K (point A). After that, there could possibly be a bounce to about 24.5K (point B), then followed by a strong move to C (which has a price of about 3.2 K)