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 think we can get increase soon although the price now is up and down too much. but I don't know what will happen later because cryptocurrency especially bitcoin is too volatile and could make every people get panic. but maybe $9231 is the lowest price that we've seen and it will not be dropped until that price again.