Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
There is indeed no major news.
This means to me that prices dropped most likely, and simply because of the resistance at the psychological $10k figure mark was too strong. Though it wasn't totally psychological, since we did test it a fair amount of times, and failed to breach it in any of these attempts.
I've been saying this for a while now, BTC has gone against the overall trend of the market back in April, and started this huge rally. That is normal, however, after these big rallies there will inevitably always be corrections, and that's what is happening right now.