1. The long-term downward trend that began at the end of 2017 is still very much intact. However, we see lower trading volume with BTC moving in basically a tight range for the past couple of months. We're trading right around our 50-day MA. Recently we've been seeing lower highs, and some higher lows. These things indicate pent-up momentum in both directions.
1 A. Assuming trading volume is not permanently depressed, we may see a breakout in one direction or another coming soon.
2. The ~ $6k level is now the strongest support level on the downside. Any significant breakout below this and we find ourselves in free-fall.
3. On the upside we're looking at strong resistance again at $8k and even stronger at the psychologically important $10k level.
If we somehow get a lot of optimism you might be able to ride up for a bit. But feels like a very risky play to me given the strong downside potential and I don't think we can say our overall downwards trend has been broken just yet.
+ Show Spoiler +
You're probably better off taking $7k and buying some solid well-known company's stock (or better yet, multiple solid companies) and reinvesting the dividends?