Possible bounce coming here and heading to new highs. There are historical RSI levels that we bounced on before outlined on the chart. At the moment we just reached one of them, if we bounce here, we will head to new highs in Jan. If we fail to bounce at EMA 50, we will visit 8k then bounce at those levels. I expect shorts to close their positions into new year so bounce is likely. Don't get scared by negative news as they are just trying to scare newbies away. I have an optimistic outlook on BTC longer term.