We've seen it a million times everyone panics says this is it we are in a bear market the fud spreads and people say that this time is different the ship is really sinking now and they panic sell. In the long run i'm very bullish on BTC. Short term i think we will test 8 - 8.2k if we break we test 5k. If 5k support fails though i'm expecting btc to bear for a few months price to go really low until some whales start accumulating for the next few months and revive it. Either way i'm staying out of the market hodling by btc till i see a bounce and maybe buy a small amount with fiat. If it does goes bear for longer than a few months well nothing stays down forever and if im wrong well im hodling till the grave.