I disagree. We have seen worse dips in the past, that is true, and if it was just one dip I would agree with your post. But the market has been having those dips one after the other for quite some time now. You can't compare the situation now to the past as so many things are different now. There are several things that are going on for quite some time now (most of them are related to countries how try to manipulate the market or regulate it) that causes bitcoin to bleed hard. Also you have to consider that last year was crazy for bitcoin, especially the end of the year, and now the market corrects himself. I still think there is a good change BCT will reach ATH again by the end of the year, but I wouldn't say that with complete certainty like you do.
No one can predict the future that is for sure. But heres how I see it:
Markets are basically people. A collection of people who are investing for different reasons. But when I look at the crypto market, it isnt just greed compelling people to hold on. Its not like stocks, for example. Cryptos and blockchain in general is something that a huge block of the market believes in, strongly. There are quite a few people who held Bitcoin since 2009... For 4 years... Until it saw real growth. And with coins like Ethereum that can seriously change the world, you have a lot of people willing to hold on through almost anything.
Weve never had such a series of hits inthis market, but when you look at what caused it, its nothing that will cause the core of the market, the true believers, to abandon ship.