Last time it breached the 200EMA within 9 weeks of ATH was in 2011 and it wasn't as deep.
TERA, you mean a long-term bear market is coming? If so, what is your bottom target: 3.5-4 or closer to the previous ATH, 1.5-2k?
I still believe in at least 13-16k bounce short term, price is recovering nicely so far, albeit slowly. I read the recent price action as an accumulation by big players.