Definitely it might go down below $7k and that's the signal to buy and hodl it until it reaches more the the ATH, and there is a high possibility that the price could rise before the end of this year.
The price of bitcoin today is a really good deal and can give us a lot of profit if we bought now but we could wait and if it will go low more.
I have heard this prediction of $7k several times, and bitcoin has really not gone below $8k, the last time bitcoin went down to $8k before bouncing back to $10k, many people still predicted that $7k will be visible, but till now, many people are still hanging and not able to invest which is how they will finally miss out of the train.
In bitcoin investment, it is very dangerous to delay an investment when the price has already fallen, because what is expected to happen at any given time after fall of price is recovery, and recovery may happen at any time, so instead of any one that is interested to wait for that $7k, I think they can still make some investment now that it is on the lane of $8k, our target is still like $40 within the next 2 years which I think it is a very good profit for someone that will but at $8k.