Bitcoin is still showing signs of weakness, and people are becoming increasingly bearish. However, I don't believe that we have had the final last capitulation. Every man and his dog is watching the higher timeframe trendline as expected support. I can definitely see it being pushed below that level (below 50k) to create excessive shorting and then a bounce. Interestingly the 8/9th December also lines up nicely with the 1.618 fib time level.