Do you think we've seen the worst of this dip for now?
Bitfinex cryptowatch shows the lowest deal on BTC for this time was 9,231$ which was just about a Fibonacci retracement (almost on point). I am not using TA normally, but I am considering it when thinking about the market. For now, it looks like the worst is over. This dip might be a healthy thing for the market, and CAN be the catalyst for another run-up.
What is your take on the situation?
Lucky you were if you have caught BTC at this price because you already in 25% profit. But I am still not too much sure that BTC has completely revived. If my TA isn't wrong I still see a great resistance near 12300 and there is no support point back until where you are saying thats 9,300. So I am not saying it will be that huge of a correction. But BTC might just once again shift back to down before it begins to move towards further heights.