Well one of three things can be happening right now:
1. A bull trap to $16.5K before a drop to $8000.
2. A double top at $20K before a drop to $8000.
3. A new high at $25K before a drop to $8000.
Why all your options you insisted that bitcoin will fall to $8000? Do you have any solid basis to support your prediction that it will fall to $8,000? If you have a solid base that the price will fall to $8000 then share with us
Is this the right time to buy And hold or not?
Let me see if I understand, you have bitcoin and want to know if this is the right time to buy more bitcoins? if so, as some people have already said you can buy at any price if your intention is to make a long-term investment, but you can also do something riskier, you can now sell your bitcoin and buy when the price drops to $12.500, this way you will get more bitcoins