He became bearish later on after estimating that we are near for this year's end. $9000 is a reachable amount for this year and he considers that too much price and speculation for this year won't ruin his reputation if he's going to change that. Buy bitcoin now while you still have a chance to have it under $7,000.
We may not see it below $7,000 again or I might be wrong but that's not going to stay there forever. I'm not an expert but for the past years you'll notice that every year there's an increasing pattern for bitcoin.
You are not wrong, but the thing with the market now is that nothing is guaranteed. This is not about being pessimistic, but looking at it from a trader's point of view, sideways movement is always better to get in when there is a break out and usually risky though because sometimes, the break down happening downwards can sometime be crazy.
For what it is worth though, the chances of seeing the market recover from here is absolutely there and there is no doubt about that, but at the same time, we also have to understand that until we actually see the market giving us a higher high and low before we can indeed say we are in a bullish movement.
But while reading the market, their will be spike in the price of bitcoin and it can reach above 9k till 10k but it can be like bull trap as we can see a high selling pressure when the market will reach at that peak point. So it will be a very crucial point near 10k level for bull run and if it did not explode then we can see $5k price also after that.