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?
Yesterday market crash was the worst. This dip will surely prove to be the launch pad in crypto history as market start rising after touching $9231 mark on bitfinex. It proves to be a strong base and investors start buying after that taking the best advantage of this market crash. If you bought at base price then you will be having 20-25% profit today which is not at all bad.