More and more people try to cash out, because they're afraid of a correction coming up. This will cause a snowball effect, especially when whales also start dumping. Maybe the bitcoin futures will push the price a little up, but a correction or even a crash is inevitable. The price will drop to 8K. The price is going up too fast, a drop will come in 1 or 2 weeks.
LOL, What $8,000, the price drop to ~$13,000 but now it has recovered once again to $14,000 so I think it has slowly recovered by the price correction, I don't know where you get that $8,000 figure. I know that the price is getting up too fast, maybe because it is driven by all of this news regarding the bitcoin future contracts, but I doubt that it can go back to 4 figures once more. There's already a lot of cash poured into the market that the people will keep on buying eventhough the price is really that high for some. If its going to crash, not their year, this is just the beginning, and even a crash is good because its a perfect buying time but I doubt it will go that low to $8,000.