The general tone of Bitcoin is currently bearish, any upmove would be easily sold into. But we are seeing a divergence on the RSI that has been going on for the last 6-8 hours and it seems that it is ripe for a bounce. First initial bounce target would be around 8500 area where it broke a support area. Sure it can go lower, but RSI divergence tend to be strong signals the longer it goes. At least a bounce here is expected, perhaps a temporary bottom or even a reversal, we will have to wait and watch.