BTC/USD Retracement Level - Looking for LONG Position

The market in BTC/USD has been consolidating recently and will potentially breakout to the downside. If it does this, I am looking for a retracement to around the $7000 level. This area shows previous demand along with alignment with Fib retracement levels. If the price action shows consolidation and interest to hold at that level, there is a good potential for a LONG position up to the 1.382 extension level.