I strongly believe for now Bitcoin is going to bounce between $10-$11k. However, if there are any more instances where Bitcoin is banned or a prominent news story comes out against it, we will probably see it drop.

Provided South Korea doesn't randomly come out and say, "Just kidding, we're banning Bitcoin" which would probably drop it down to $5k, I think we are okay.

I keep seeing/hearing the $8k figure, so who knows if it becomes self fulfilling. I doubt Bitcoin will die, we've seen dips far worse than this: like the China ban back in mid 2017. You can rest assured that the "big boys" are accumulating, this is the kind of wet dream dip traders have been clamouring for since we almost hit $20k USD.