You did see we crashed to $7500 ? It bounced hard back but it's now tanking hard again, I think we'll see new lows soon.
It's not tanking hard again. Traders who bought at the bottom just secured a quick +10% in profits, and that's basically causing the market to come back down a bit. It may turn out that we'll still set a newer low, but it won't be a lot lower. I know calling bottoms doesn't really represent any actual valid market information, but let's for now just assume that $7000 will be the lowest point. It's proven wrong until it's actually proven wrong. If the market drops even below that level, I personally believe that we'll hit a point where the market is clearly oversold not long after that. I will definitely look to buy some more coins in case it falls down further.