As of the time of posting, the market took a dip. Maybe some who bought at below 7k took their profit. Good news for those who bought low. But bad for those who just bought it recently. This proves that the market is very unpredictable. Just always buy with what you can afford to lose so whatever happens nothing will hit your head.
Speculating on why the price does what it does doesn't seem very fruitful. There are so many people chasing get-rich-quick schemes in crypto that the price is going to remain volatile because they're investing more than they can afford to or is rational and then making knee-jerk and emotional decisions when the price swings dull their appetites for the amount of risk they bit off.