We are dump again and currently trading in Binance at $7,656, it is quite low last week.
I wouldn't say that's a low price, especially after how hard we have pumped in such a short period of time. It's well above the major averages and trend lines so there is much more room to the downside.
Today's "low" price might turn out to be a price you wish you sold at tomorrow. Crypto in general is always either just overvalued, or massively overvalued, and short term speaking I think the latter applies to the market today.
Yet, we might think that it will make a huge pump after this drop in preparation for another ATH this year.
It all depends on what the market will be doing in the coming days or weeks. People consider $6000-$6400 to be a massive support range, but I have my doubts with how the price shot through that range a bit too easy in my opinion.