Nah, I think the decline is still brought about by some people that wanted to bring down the price of bitcoins. Right now we can't expect it to grown unless they had enough bitcoins they want to hold then they'll probably start pumping the price. But generally it should not last long as the cost of maintaining FUD is still expensive.
This recent decline has given the opportunity to many new investors to buy Bitcoins at cheaper prices. Once bad news about cryptos stops then we can see the price movement faster again until that these ups and downs are common. I think we are still not fully ready to reach even 15K mark soon.
Sad though to see that crypto is really suffering and continue to bleed at this very moment. But hey, its another opportunity to get it while its in dip and accumulate more bitcoin.
I think $12K is the mental barrier now. If I'm not mistaken, we have been trying to break that wall for the last week or so but it looks like we are not going to go there because a market correction occur. A bull run is needed, but I'm not hoping to see it happening anytime soon. Let's just hope though that we are going to bounce again and go above $10K and see how it goes.
That's true, this is our opportunity to buy some btc while the price is reasonable. This year, the speculated price of btc is said to be 3x than the previous year. Which means that if we buy now, there is a possibility that we can gain huge amount of profit. We have to be patience and should always trust the power of btc.