BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!