Well it touched 7500 on gdax and bounced back... Looking at the volumes really tells a tale. Looks like the whales are content with letting BTC do it's thing and they can pick it up on the cheap. It was a good call to buy between 7500 and 8000. I don't think the institutional investors will let it drop below 7500. It will be interesting to see what happens on the futures market over the next 7 days