The recent down turn in Bitcoin is either the beginning of a larger correction or if the 2200 level holds just a minor retracement before the next leg up. At this time the technical s seem to indicate this is a retracement and trading back above 2405 would indicate the retracement is complete and we have a good likelihood of testing or making new highs in the near future. Volume in the period I am using suggest that this has a higher probability of being a minor retracement and we are setting up for new highs.