Hi I am new here and not used to the volatility 
in the price, and will the market recover or is it due to selling during the festive season? 
In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
Bitcoin is not going to slump and we have all witnessed the price of bitcoin's behavior. Bitcoin will recover in days to come and this has been happening for long and bitcoin may be heading towards $20,000 when we resume another bullish momentum by next year. We have panic selling and we are also seeing that many are putting more buying orders. in the price, and will the market recover or is it due to selling during the festive season? In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
We we witness more slumps and different panicking behavior of bitcoins but if you see some the current circumstances now you can see that theirs no event or anything can hype the bitcoins for now and the season of hype days is done plus the year is now ending and might this one is the ending state of the quicky pump of bitcoin and became stable for now.