Great post!

I personally believe BTC will not cross $8K. That support level is one of the strongest I've seen. However, if it does cross, you're right in the sense that we could see a pullback down to $5K. Hopefully publicity will stay out of the way and let BTC do what it wants to organically. I'm sad we've seen Altcoins move alongside of bitcoin this time around, it just makes it much harder for them to recover in the longrun assuming bitcoin grows stronger. I appreciate your analyses!