The possibility of Bitcoin drop to $8k all the way from $69k is very low, we know Bitcoin is the world's leading cryptocurrency so by that it has a very high volatility, each time it drops, people gets panics and sells off there BTC, when it rises again dey buy at loss prices which isn't suppose to be so but those who understands crypto and have studied Bitcoin knows no matter how it falls, it'll rise again, it fell from $69k and to $19k, and people are taking advantage of every Single move of it, imagine those who short BTC from $69k to $20k how much profit they'll be on. I'm not saying there's no possibility of it hitting $8k but if it does then it's going to $0 gradually and there's a very strong support at $0 which will skyrocket it upwards. One thing I know is certain. One-day, sometimes Bitcoin will be at $100k+ and we'll still say it's in deep, so as you're holding, also be making profits from the day trade