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.
I'm not sure bitcoin will dump. because since the beginning of this year bitcoin has continued to increase and currently the price has reached $ 8.5k. if until February bicoin continues to increase then it is likely that bitcoin is repeating history. bitcoin will continue to rise until bitcoin is reduced by half. if we look at the bitcoin graph in 2016 bitcoin continues to increase before decreasing by half.