It looks like it.... 
There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.
Whales & good traders will continue to take advantage of FOMO so they can accumulate more.
I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.
So, prepare those usd guys for this next dip $$
If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0
Note: It's difficult to predict when is going to happen, but it's highly probable it will.
Charts are showing moving up and down to a greater extend which is making it more difficult to predict the supports and resistances. The price might touch down to $8000 but it might also bring a bearish trend in the markets.There is some artificial inflation of the BTC price. Pure air. When this happens is easy for the price to come down, because it doesn't have any support whatsoever.
Whales & good traders will continue to take advantage of FOMO so they can accumulate more.
I think we will revisit 8k, but just under 9k. After this dip, it looks like we are going to be saying bye bye to 8k for ever.
So, prepare those usd guys for this next dip $$
If you want to know more about my reasoning on this matter visit this topic: https://bitcointalk.org/index.php?topic=5221788.0
Note: It's difficult to predict when is going to happen, but it's highly probable it will.
The price might continue dropping until $8500 which might make a lot of traders panic sell their coins hoping there would be some more dump so that they can accumulate accordingly but this might reverse from that point and we might experience a continuous pump which might end up above $10,000 which for sure would be the start to the bullish trend. Dump might be expected before the price could pump as far as my knowledge and experience prompts me.