Bitcoin saw quite a correction over the weekend. This is typical for cryptos who tend to see a lot of action on Saturday or Sunday nights. We definitely appear to be in the corrective phase of a 5-3 Elliott Wave. It is likely that we will see another burst of momentum sometime soon. If not, we could retrace further to $31.6K or even $28.5K and still be considered bullish. The $30K level is important technically and psychologically. Current levels are a good area to buy. We could always add to the position as it dips further. When it picks up, watch for it to retrace the entire dip back to $41.9K
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