For last 6- 7 months btc price was around of 7.5k$ , now this support level is no longer, that mean btc is ready to dump hard.
It would be nice if BTC will not drop anymore that low, otherwise we will start over again and the amount of FUD would be enormous again.
IMO, the market has already dip and people have already matured that they won't easily panic anymore, what I am hoping to see this year is an improvement towards the halving and hopefully this will have a positive effect in post halving too.
The market went already many times below $7k, so lots of opportunities for the weak hands to fold. Maybe there are no weak hands left anymore ? Real panic would probably start below $6k, but that is a long way to go a few months before the halving.