A fall below $ 7,950 on the bitfinex will make it clear that the markup is not valid, because wave 2 can not fall below wave 1. This will be very bad.
In actual reality currently month and also month was big dump for the bitcoin and that was only because the bitcoin and bitcoin related things got negative views from the many countries government and also many types of rumours that made the negativity at high degree and than the price of the bitcoin get down much , specially in India many raids were made by the IT department and also few fake raid by fake group of people to scam .
So here such types of the activity making the bitcoin's market down more and more but in actual there is nothing like this , so keep calm and wait for this constancy of positive condition for bitcoin and after that it will pump speedly .