Hi I am new here and not used to the volatility 
in the price, and will the market recover or is it due to selling during the festive season? 
In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
in the price, and will the market recover or is it due to selling during the festive season? In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
Lately the bitcoin decline wasn`t caused by the festive season, but rather the existence of the price manipulation by big whales who want to profit as much as possible, they don`t hesitate to launch the aggression of their lies through online media or other.
Consequently, stupid speculation takes place in the lay community, and causes panic selling among them.
Go back to your question.
In my opinion, declining and rising prices is a natural thing and that's the real market. While the decline that occurred this time is an unnatural decline as i mentioned above.