Its good that its snapped aroun 7400$. This is a good level to re enter to train.
Bitcoin will hit over 13000$ in few weeks and also there are few ore coin which are going to rise too.
I doubt that we can even break 5 digits in the next few weeks. But at the current price, yes, its a good buying point. But don't expect a sudden jump on the price because price manipulation is very strong and I strongly believed that the bearish sentiments is not over, probably the bears will continue to dominate as long as they can unless bulls wrestle the market from them. $8K will be a struggle again.