Now it's 7,800, so maybe you're right
Oof. It's down just over $200 since I last checked the price earlier this morning. That in itself isn't a plunge but we could go lower before going higher...and I do think bitcoin is going higher eventually. Anyway, asking whether it can slide $100 lower than where it currently is, that's kind of a silly question.
So this period still can be a long discussion whether the market will crush down to 7k level or it will go up again.
That could happen too, but I don't think its going to. The traders who've sold their bitcoin and made a profit have already done so. Unless there's a wave of panic selling, the price shouldn't continue to fall unless there's a dearth of buying orders across the exchanges.