The run in which btc currently is, there is no chance we are going down to $16K in this move. The least we can go in this move is upto 24K as a correction but post that there s no floor. If we go below that we are in bear trend and that will be altogether new move. But I am sure about one thing if we go anywhere below 10K this time there will be too much accumulation and we will bounce back like a trampoline. Currently I am pretty bullish about Bitcoin.