From a technical point of view, that low down to $5,500 looks like the final low. A quick, deep dive down with a quick, steep recovery is always what you want to look for at the end of corrections.
Fundamentally, the BTC blockchain will start moving again two hours from now. That will bring back confidence. Additionally, it looks like BCH has found its short-term peak.
BTC and BCH will probably co-exist in the future. If you buy now, you will have bought at a great point to enjoy the fireworks to come: The year-end-rally.
Still a lot of insecurity in the market, but not that much danger anymore... buy now, when there is blood on the streets!
I definitely think its time to buy. Even if the price goes lower, your still getting a decent price now. I would stock up on Bitcoins at this point because it will rise in price soon and youll regret not buying more. I think we could see the price get to $10,000 sometime next year, so anything around $6000 is a good deal. As Bitcoins become more scarce, the price is just going to increase.