Bitcoin prices have fallen sharply this year. I believe that by the end of the year it will grow very beautiful. May be $20,000 - $25,000. Same waiting
There are always some rapid and sharp drops in price to always look forward to which I believe anything can still happen. I normally do not use present moment to judge the state of bitcoin since we have seen the market hit some levels before and still ended up going back below that level even when it was once a huge support. The market will always do anyhow as it wants or pleases, but calling the bottom at early this year when we have not even gotten past $12k is really not it for me.
The price has hit the bottom last month and now the time has been changing with the passage of time, the value is sitting itself to jump high.
I must agree that we are all expecting the downfall of prices up to $6000 levels which happened must be a bottom for this year. The consistent increase of trading volume across major exchanges are confirming the in-flow of new investors which may take bitcoin prices beyond $50k too.