Bitcoin will make few corrections and (the first support level 14750$ will be broken. Then it will contintue downtrend trying to make a strong stable price which should be around 11.000$. Actualy if coin drops bellow 10.000$, next support is at 8.400$ not 9.300$ as some people say. Anyway, correction should happend about 72 hours counting from now (current 15882$ drops to 11.740$). That price will strongly affect alcoins. On the first place, all alts will have strong pullback (there is a few which wont, but that's not the subject matter). Btc will try to "buyback", becase sharks 'n' wales wouldn' wan't to sell their " positions" and cause of OVER BOUGHT and OVER EXTENDED price. Bitcoin should be able to make "stable" 11.xxx price. 12k is a maximum price that will seen in 3 days from now, maybe even sooner. I would not suggest trading untill drops to 12k.
@milanjelic, wrong prediction! the price was pumped to 20K before of the beginning of correction!
Nobody knows the pathway of BTC. This market is small and extremely manipulated, the only ones who know it's path are pumpers and dumpers who are the real manipulators of this market. I think that patterns can not be applied on this market.
Dudleydogg
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But you would suggest Selling ? then wait to get back in ?