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?
None of us can say with full guarantee that the price dip is over and the worst we reached was $9,000 USD. But look at the market and the charts right now seems like the dip is over, at least for now. Bitcoin and other alt coins are in green and gradual recovering to its initial state.