BTCEUR correction almost over

BITSTAMP:BTCEUR   Bitcoin / Euro
397 2
In my humble opinion the current correction should be almost over, I assume that once we hit 12.000€ it's going to turn around and the up-trend should resume.

If you disagree please elaborate why!
I think it could correct even further. BTCEUR tends to rebound in the 50day EMA line and if this was the case once again it would go down to the 10.000 - 11.000 area. Personally, that's where I've put my buy orders.
We got to the latest ATHs because of the sentiment surrounding the CBOE and CME; now that the euphoria is over, further growth needs to feed on something — what would that be?
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