I don't know what to think at this point.
I think the coin fell quicker than I expected and that it may be a while before going lower.
You also have people sitting with a lot of money with the idea to rebuy in.
I think that adaption and interest is falling in bitcoin so the price should still go lower, but it will take a while for peoples expectations to change.
I would say a rally maybe up to $300's, then volume should start falling and the falls should begin again. The coin is still way overvalued at this point.