I sure hope it goes below 5K so I can buy soooo much more
if it falls below $5000 the panic will be bigger and nothing guarantees that the price will recover. We can not be very optimistic.
It seems that the history is repeating itself. As it was in the autumn of 2017 when the chinese government intended to ban the crypto exchange markets.
when China banned the exchange the price of bitcoin fell but did not fall much like this time, the price of bitcoin was $18,000 and fell to $6000, that was a big fall
Plus Chinese new year is 16th february. This is when it usually starts going up.
it was like last year