A dip to $11.5 - $12.5k could be expected, but I stand neutral until either another rejecion from the short-term downward trendline or a break through the short-term upward trendline occur. Predicting BTC corrections more than a few days before they occur has proven a bit difficult given the change in the long-term chart pattern and the effect that nontraditional methods of trading cryptocurrency by institutional investors has had on the chart.