Very critical position for bitcoin

A break below 7700 would be the start of a bear market, it would mean the price has broken below the 50 weekly ema which it has never done before at the start of a bull run and this would be followed by another long arduous bear market. I think a lot of people do not realise the opportunity which presents itself right now, this could potentially be the bottom of a very major correction and should the price maintain above 7700 and find levels of support up the ladder it would look very promising. If this reaches anywhere to the 8.8k to 9k mark i think the only possibility is a continuation of the run.