Prices have already recovered to $15k according to preev. So, is it possible for bitcoin prices to return to its $19k peak by year eand if we follow current trend. The prices were at about $13k yesterday and today its risen by $2k. If it rises like this everyday until the end of the year, we might even exceed the bitcoin peak.
One thing is clear though, all the doomsayers who claimed the bubble was popping are wrong. The recovery is clear and that drop was nothing short of a miscalculation by investors, who now realise their mistakes and are buying back bitcoins.
Prices have recovered from the drop on Thursday and Friday, but do we want the price to go back up to $20k at break neck speed? Such speed bumps are good in the long term for Bitcoin usage. We could see a slow grind upwards, rather than head back up to $20k before the end of this year.
Lots of people will be relaxing and enjoying Christmas, not rushing in to buy because we had a small correction.