@abamazon3, yes way too much confluence at 12K-10K, and for the last 10 years BTC has not started a Bull Run without testing the VWAP which is at $10,771 at the moment. Remember that $69,5K completed BTC's 10 year cycle from November 2011 thus making it Wave 5 of a 10 year cycle, according to Wave theory the correction of a 10 year cycle can go really deep.
But... Wave B can also extend above the cycle's high at $69,5K if that happens Wave C will bring havoc to BTC's price, for example if we have an extended wave B to 72k, wave C will correct till $1,850, if it goes to 270k wave C will correct to 3K.
@CSCduarte, by then the dollar won't be worth much as it does now due to Fed printer going non stop. More governments will start following in the footsteps of El Salvador, more institutions and retailers will join the crypto market.