Bitcoin (BTC/USD) has been in consolidation since failing to push above 20K. The form of this consolidation is finally coming into shape. Last week, it was still possible that $BTCUSD was coiling into a triangle. But last few sessions of continuing price dip made it more likely an ABC correction.BTC/USD Daily Chart(click to enlarge)ABC Correction?- The daily chart above shows the possible ABC correction. - Using projection of wave A, wave C would target around $8,000. - It is definitely a stormy correction that has not shown a decline in volatility, so don't be surprised if price slides to $8,000 by the end of January.Article from CoinPowr.com