Everybody or most people here believes that its gonna bounce back up again, in which I agree by the fact how btc is rigged and how the economy fundamentals comes into play. But the real question here is, how long will it take this time to recover? Are you prepared to sustain long bearish market? Study BTC all year price chart coupled that with recent events in China, you should roughly be able to predict how long it gonna be able to recover this time.
Your prediction should be even more accurate when Chinese government reveals what really their plan is. Right now I would say that we should monitor first what going on in China and better remove faith out of the equation.
I have my own research and study and I suggest you do your own and don't just listen to fortune tellers here.
Yes and the predictors has said that bitcoin price will reach up to 10000 US dollars till the end of this year. Then I dont think there is anything to be panic. Although its price got variations in the last couple of weeks but now it is stable and is rising again and soon it will be higher than the expectations. We should just keep calm and cool and wait for the next few months. So we would find the results.