IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
Yes, I think that will happen soon. Now the currency of the price is $7500, but it has stopped falling and yao, I think it will soon reached $5000, many people will become panic and choose to sell the currency, it will speed up the currency price of $5000, this will make many people panic