When we take a look at the price action of bitcoin, we can see a very slow structure. This means that the current wave is probably just a subwave 4. Fourth waves are mostly complex waves that can move within a triangle. And I believe that we are currently in such triangle.
As you can see, I still anticipate at least one more decline! Keep in mind that we are in a fourth wave, which may lead to volatility. I would not be surprised, if we see a spike into the 5th wave before a reversal occurs. $8800 or $6800 are still my targets.