BTC is already correcting by influence of contracts that are being held by the massive derivatives trading company CME Group.
Several contracts will expire on this Friday, July 27th.
Contracts are financial products which give institutions the ability to either long (predict growth) or short (predict fall) for the cryptocurrency. When these contracts expire, the cryptocurrency trading market typically takes a significant hit.
As the dead line approaches, the pressure to sell is high. Last expiration happened the same as it is now. Taking price down, but as it closed, a big jump took place.