IMO the dip could possibly go down to $700 or $800, but probably not any lower than that. If anything, it'll probably go to $900 at least.
Why do you even think it will be that much? It is not like we are expecting ETF to be accepted. We generally know it will be almost miracle if SEC will say 'yes'.
There is less than 25% chance, according to trading analysts, that COIN ETF will be accepted. So we shouldn't be disappointed at all = negative effect on the price should be minimal.