As we can see in the following graphic there were 5 valid waves that would form the first of a new bullish cycle, but the price should find support and avoid a new minimum.
The minimum target of that head and shoulder top is around $ 8800 but an extension of the neck line (of the Head and shoulder bottom that gave us that first impulse) converges with 61.8% of Fibo. We'll see if that support is strong enough and keep maintained otherwise we should get prepared to see maybe new lows.