In my opinion this is a trap created by whales, at this time the BTC will be less agitated and the elephants will come to allcoin to continue creating another fever.
In 2017 also when market was moving up all bad news and everyone was telling that this was bull trap but the price went more up, so i think this time at-least the price will go above $10000 and then their may be short term profit covering before going more up.