Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
The thing is a lot of people aren't expecting this price drop andi 've seen a lot that are actually quite happy because of it. I would be happy too if it went down back to $1500 because i missed out on a ton of buying opportunities throughout the pump. I'm just probably going to stock up on bitcoin for cheap and hold it till the next big pump comes if it does happen to go that low.
Extremely unlikely though that it will reach that low. Absolutely floor is pretty much set at $2,000 and it's pretty immutable atm. It first crashed to around $2500-2600, but now it's recovering. If speculators want to make the price of btc low they need to have a lot of btc and a lot of motivation. Not an easy task.