What I see from this situation is that although the prices are probably not going to go up on a grand scale. There may be small rebounds after dumps, but they don't really matter or change the bearish trend anyways.

However, I think that we may have saw the temporary end to this dump. The entire week has been bearish, and the bottom was near. It could be possible that the $6k bottom held its ground, and BTC is now on its way up for a rebound temporarily.

If you're looking to sell, wait for price to recover to around $7.7-7.8k in the short term before selling. If you're a long term holder, investing now wouldn't be a bad idea since you're literally getting a discount of 60-70% from last December when everyone was saying to invest in BTC for the long term.