The people selling now, sell because they think it will go lower. This is panic. Although I think that the road to 4k is open. But 2k is doubtful.
yes 2k quite far away from the price right now. I do think the bottom might be 5k $. People are seems unpatience and panic with recent news about bithumb. What happen on bithumb is really sad, it was one of big exchange and they got hacked. Seems like it bring more people afraid to invest in crypto.