I do not see it as panic time rather buy the dip time. It is a combination of whales profit taking, newbie shakedown and FUD. If you are not buying bitcoin during this time, it is better just to hodl on your bitcoin. The price will go back up as it always does.
Agreed and why the panic?. This was not the first time in just 2 months that this happened. A month ago also it reached to 2.8k then dropped until 2.1k. this are just the dumps so that they could recover the sold coins then go increase again. Probably to maintain the stability of btc around the web. And to give more investors to buy more btc at a low price. So i guess this is just a normal routine for the btc, so there is no need for panic.