I think Bitcoin Will Consolidate at $ 7,000-8,000. Then Bitcoin price will keep rising past $ 20,000
Thats definitely possible. I could see another drop in price, but we just dont know. It could just go up from here or the price could just fluctuate for the rest of the year. Long term I think the price will eventually reach new highs.
I don't think it will drop any further as it has started to recover itself from the recent drop which was one of the worst in last few years and I feel 10k has become like the lowest it can go and I believe bitcoin will cross 20k mark by the month of June or more precisely by third quarter of this year.