Though the bitcoin price is now 7K USD Plus. But still, there has to chance to go down to 6K USD. I think From Now to August Bitcoin will be pumping. And, at the end of the August Bitcoin price will be down again. We can see several bearish markets in this year and at the end of the year, bitcoin can be growing to make the bull market.
We are in a point in which bitcoin can take any direction so it is almost impossible to know what it is going to happen, the price is going down once again and I think that it is possible we return to the previous levels in a few days, this has the risk of creating a bad effect since many people that are hopeful the market will recover soon will probably sell when this does not happens and they finally lose their patience.
BTC is holding on to $7k+ mark for couple of days now however still it is hard to invest in btc because same thing happened last month wherein I thought it would be the start of bull market but it went back to $6k. I am of those who still hold and hoping for recovery this coming Ber months.