Once bitcoin cash fork goes through those who have not shorted minutes before the fork will be racing for an exit to KING BITCOIN. I expect 8000 to breach before end of tomorrow.
Do you mean the Segwit2x fork? They called that off a few days ago, which is probably what triggered this correction. I'd expect us to dip down further for now, and although I do think we will hit $8000 sometime in the near future, I do not expect it will be tomorrow.