I still expect one more low in Bitcoin for this leg. There is a chance this zone sets off a large rally. Currently I have a projection to the $4900 region with the possibility of dipping into the mid $3000's. I have said in my public talks, tweets, and articles since the January top was confirmed that $4700 was an ideal fibonacci hit in this correction. And, here we are. Very close. Will this be the ultimate bottom. I can never say until a rally is confirmed. But I can say this is a key area and the end of the C wave diagonal off the February high, looks close.