In a few days time we may just see a slow reversal of this down trend to an up trend, and not the V shaped dip people expect to confirm the bottom is in. There isn't much appetite (at the moment) to sell or buy on mass to push the price in either direction, even though it would be very easy with the low volume.
My previous idea is still holding reasonably...
The FOMO is very weak at this point, but the bears are weakening as well. We may start to see a slow tentative price rise over the next weeks, or a further (last stand by the bears to push the price to where they really want to buy back in) before a slow tentative prise rise. I don't think we will see true FOMO again until we break 12k.