It is really funny. I remember there were many posts on forum 2 months ago about price to 40k, 100k and even 1m.
Now we see many posts about price fall to 8k, 6k and 5k.
Nah! We have always seen people who have been highly bearish on bitcoin when it was busy doing its bull run, and so many people were even wishing it would get as low as $3k. To the OP though, anything is possible, but we really hope the the bounce back from the $7700 region holds and what I am looking forward to now is a double bounce. No one can say for now though, so we just wait and see. I am already fully back in and hoping we do not go down lower.
That can only be speculation otherwise i do not see any reason that will brig bitcoin to such a low price, i think that bitcoin price will not drop below 8000$ and from here it will get some good accelerator which will drew the price again to a very good position, therefore i think we should try to hold our bitcoin and should not get panic because more chances are the market will recover very soon.