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?
In my view the dip that happened is not the worst. It might happen again and it will go lower than the last dip. It would be the best opportunity to jump in.Expecting the next dip would occur in the next few months.