If we don't reverse by tomorrow or end up with a lower low, watch out for 7.5k.
SEC will not approve BTC ETF. They have already outlined the five areas they are going to focus on. BTC fails or is at least in the grey zone in all of them.
Also, this just in:
Add to that, The anonymous accounts ban by South Korea starts from tomorrow, i,e. 20th January 2018.
All is not going to be bad though. ETH, NEO, XRP and IOTA will likely succeed and thrive. They all have their own different models and are basically next gen with other developments driving them.