As of the moment, it seems that the price is not dipping below $8K so I say that it will not continue to shoot down to $6K. It's really been one heck of week, so frustrating at times when you check the price moving to the opposite direction. Not complaining though, we have seen this pattern in the past. The key here is for us to have patience and to remain calm under pressure.
Whales, FUD's, Government clamping down and putting heavy regulations are all the culprit. But as much as they want to put it down, the more it will grow long term. I will continue to monitor the price but I'm not expecting anymore drop but instead a slow recovery starting this month.