Bitcoin reached more than $16400 a few hours ago, and is now decreasing. To foresee how it will evolve now, several key indicators can be used:

1) Stock exchange market trend: as you all know, Bitcoin is not yet independent from the stocks, and as of today, the trends are as follows

• Tokyo: -0.53%
• London: -0.16%
• Paris: +0.54%
• Frankfurt: +0.47%

    Therefore, it is a typical mixed trend, neither bullish, nor bearish. We will see clearer when the NYSE opens in a few hours.

2) Crypto fear and greed index: as of today, it is 89, which is extreme greed. It looks good, but it has remained in this extreme zone for a while now, which means that the current price of Bitcoin already integrates that bullish sentiment. If this index decreases, Bitcoin price might decrease too.

In summary, I think the correction will continue in the next few hours and that there might be a good opportunity to buy Bitcoin slightly below $16k. 

However, it has to be carefully watched, because if the NYSE opens positively, Bitcoin price will rebound.