I felt like I missed a great opportunity at selling high and buying low when it reached 5k and drop to 4k a couple of days ago. Now it happened again from 4k to 3k. You think it will happen a third time, from 3k to 2k?
Very unlikely this will happen.
However, it is possible if enough panic is generated thrtough the closure of the BTCChina exchange and if media continues to upload negative news articles about bitcoin and spread rumors regarding the Chinese bitcoin scene.
We have strong support at $3k as well as $2k - demonstrated by the last dump. Otherwise, we'd be already at $2.5k which we are far from.