$8k is the bottom IMO if it continues to sell down.
BTC looking shaky today. Should see a recovery in the next couple of days. It's typical of BTC to sell off in January and bounce off the 100 SMA, having said that historically it would only be a 1 day dip below the 100 SMA and close above it, just like BTC did some other day.
My only concern is we didn't hit the 61.8% fib level. We dipped half way between 61.8% and 50% which is just unusual looking
