We are currenctly in a sideway movement in which the cross is hardly hitting the extremes (around 11k and 9.9k). The cross is due for another huge correction nonetheless.
It will take the BTC to hit 8k at least, maybe even less.
Remember that on Jan 26th, will expire. That could help to drive prices down.
Will the price get back up then? Likely, although much depends on the magnitude of the sell off and the support levels at stake when that will happen.