Bitcoin is going down to the 7k$ Level

In the 1H we can clearly see a head and shoulders formation.

In the 4H, it appears to be forming a bearish flag, as well as a big falling wedge.

If we follow the wedge, the bearish flag pole, fibbonaci retracement levels, as well as past support / resistance levels, we can predict the rebound target to be around the 7200 - 6900$.

I highly doubt it'll go up any higher than 9k$ anytime soon.