I agree, mkt was ovesold and a reaction was imminent, the point now is to see the next move, I believe many are waiting to sell, so next upmove is limited unless a spike above 8000 happens, stay tuned!
There is strong support from BTC at 7k2-7k4 $ so I think BTC will recover in the next few days. I confidently predict that BTC could reach $ 11k in June as the market recovers.
To see the price go up from 7.5k to 11k in one month we would need to see something that can trigger a massive wave of FOMO, a lot of buying pressure that could make the price skyrocket in weeks. Unfortunately, in the current state of the market (bearish), I simply don't see this happening, 10k is still far away, 11k is out of the question, specially if we consider that there's going to be a strong resistance as we get near the 9k-10k range...all in all, we should lower our expectations a little bit, instead of expecting a massive surge in the price, we should expect some consolidation around the 8k-9k range.