I think we're building up for a drop even further than $7.50.
This.
I'm not sure what caused the price to raise over the last few months, but I believe this is the build up to another crash. Ive made a decent amount trading lately, but for now I'm staying in usd for primarily (I only hold positions in btc right now for extremely short periods) until I figure out which way the market wants to move...but I'm guessing it'll hit ten and crash.