Bitcoin can drop 7K zone for short time. As we see it's already drop 8500$ . So I expect it will drop below 8k, that means 7K zone. But it will no longer. I hope agin Bitcoin will grow up to 9K zone by next week. What you think about it ?
It is quite possible to happen but we can't exactly predict when. As we know that crypto markets today are in high volatility, fluctuation of price happen always and there will be only two possible results either up or down.
The market is highly volatile and it is completely speculative on development. So, each and every statement related to the cryptocurrency market gets impacted upon the growth. In this way we don't know when price drops and when the price pumping takes place. Everything happening around looks like a dream.