I guess the panic time is already done, as the price of bitcoin starting to show it's increase. But it is still a good time to buy bitcoin as we will potentially see the price of bitcoin fly to the moon.
It's not totally done, maybe temporarily but expect the price will go down again, that's how it works because the price of bitcoin is volatile.
Actually there is nothing to panic if you understand and believe bitcoin will be able to achieve a bigger value in the future, in fact the reality says or the trend says that the value is increasing on a yearly basis.
It's a normal movement in the bitcoin's price and that's for sure that there's a sudden price falling. But after that movement expect another increase. Yes, it's true that there's no need to panic as only those people that are new to crypto are the ones who are panicking.