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?
I guess the dip is not over. Thinking the quick dip of BTC which has 2 days length that hit almost 9k$. It is not the worst dip. It may occur again for some time. But still I agree that it is beneficial in market. It helps to circulate the currency more and it is making it more active. We are waiting for the worst dip so that we can jump in.