Nothing is confirmed yet that's all speculations and nothing more no one really knows if bitcoin will go down to that level, but if bitcoin doesn't manage to close its weekly candle in or above the key support then we should expect a bearish movement to occur most likely and the price could dump all the way up to the $5000 levels. It will also act as an opportunity to buy in the lows, however. I wish it drops that much so that i could pick up some cheap corn.