Just like the major indices in the US, BTC has been trending down in an Elliot wave pattern. Price has completed waves 1, 2 and 3 and it is currently undergoing an a-b-c correction to complete wave 4. My suspicion is that wave "c" correction may end at the same level as wave "a" (August 08, 2022 high). Now when price completes wave 4 at "c" any of the following targets could be possible when price reverse to complete wave 5 of the downtrend: $12K, $10K, $8.7K, $5.5K, $3K, $270. But judging from the length of impulsive waves 1 and 3, I would not be surprised in wave 5 ends at zero.