What is the reason behind this magnificent dip?
I anticipated there would be some correction, but never expected it would be so big.
if you see a very drastic reduction in bitcoin prices, I look like last year. beginning in 2017 bitcoin also dropped dramatically and it takes a long time to stabilize and go back up.it might be down to $8000, but hopefully not. if the price drops to $ 8000 alu think it will take a long time to get back to $12000 or more...
IMHO price drops to 6-7k, but we see 12K in 3 months again
Well its a good advice to never expect anything because many people, even those technical analysts whatever, have been proven wrong with unexpected market movements. We can very well be on our way to 5k, who knows. The thing is, if you believe in bitcoin and it's potential, this won't really matter