BTC has resisted falling down and is showing a rebound after being oversold. It also broke upwards from a triangle, which is a good sign. Maybe we have completed wave C down and are ready to stabilize for a move upwards. However we are still in a downwards channel - it will be critical to pass the 7k mark, which also happens to be the middle of Bollinger bands, and a support for april and feb. Passing that level would be good for confidence.