Everytime Bitcoin rise above 20% change in just 24hrs or 48hrs, continued downtrend after will be expected. Because some retail investors also are selling their Bitcoin at that range, most specially if they're looking for a short selling. Some bought at $7,500 level and sold it at $9,700-$10,000.
I wont even be surprised if this downtrend continues to $8,000 level.
Yeah, according to the market trend $8000 is possible to reach with a short period of time. And I will not be surprised the downtrend goes to $8000.