Let's take a look at some FUD that contributed to this the past 30 days:
Subpoena on Bitfinex and USD Tether
Friedman LLP pulling out of Tether audit
False news reporting of Korea & India's Government banning Bitcoin
Jordan Belfort putting out an 'urgent warning' to sell Bitcoin
Coinbase 1099 forms & having information of customers' purchases sent to IRS by request
CNBC reporting Bitcoin crashes every other day
With all this noise, I am on Bitcoin long term. It appears that a is forming.
1st Major Support - ~$7900
2nd Major Support - ~$5800
I am expecting some accumulating between ~$7900 - ~$9200 before we break out upwards.