Bitcoin Continues its Downtrend

From almost 20k USD it's now down to 9,264.97 USD in just a few weeks. On the news we have seen wave upon wave of countries banning Bitcoin and then Facebook comes out with a disclosure banning all Bitcoin and cryptocurrency related ads

Now the question is, from a technical perspective where is it headed? Nothing much has changed, the cryptocurrency is still in a downtrend with a support at around 8,000 USD and a stronger one at 5,000 USD. Should the downtrend progress, i think it could test those levels.