We're still stuck with this bear market that may not go away until next year. So I wouldn't expect any sort of big profits being made on short to medium term bitcoin trading. We much more we can fall is honestly unknown, but I'd estimate probably around a $3000 fall from the current level is possible over the period of a year.

There isn't a lot of buyers right now and a ton of panic sellers and perhaps whales shorting the market or dumping their coins. Which is why prices are going down right now. Quite the norm in a bear market.

$8-9k could be back if this bull run turned out to be somewhat sustained. Price is in the green today and we've been consolidating at this bottom for the past 2 days. Perhaps there will be a rally to around $8k, but I suspect after that the prices will just continue dipping.