Don’t let the news freak you out. Just follow the trend. Bitcoin is not dead, but it’s certainly not in the same 6-month bull cycle that occurred this Spring. The key is determining whether or not Bitcoin is in the same bull cycle that started around this time last year.
We the bull cycle is dead, then Bitcoin will surely break below $28k and head down to around $19k where it has another line of resistance. I’m betting that this doesn’t happen, but anything is possible for now. So invest wisely and manage risk accordingly. I’m calls on Bitcoin stand the same as the past couple weeks.