Bitcoin going to $8k would be like only when the internet stops working or if there would be a situation like as of in the movie DON'T LOOK UP. Other than these 2 reasons there is no other situation where the price would fall to $8k, even in this market also the price would have to fall to like 30% of what it is right now and bitcoin loosing 70% of it's value being the pinnacle cryptocurrency is hard to imagine.