The bear trend went as far as april 02 2018. And it was very low at that time. Now it is going down again back to 7000$. This is not good but we are hoping it will go bullish immediately. If not it may happen that it will drop even up to 6,000$ which may not be good And would bring just FUD.
Why so afraid when the price goes down? Panic cannot give good feedback on cryptocurrencies especially on bitcoins price. Maybe the most effective thing to do is patronize Bitcoin as a currency and not an investment to begin with. The use of it's technology is the best usage on online transactions and use it as payments for bills instead of using it as investment that would grow in an instant.