After reaching the 68k mark, Bitcoin headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have been met and Bitcoin is most likely moving within the 5th wave to the 75k mark