Bitcoin has dumped by $800 in last 7 days after climbing by $2000 in last 15 days. So, the current dump we're seeing is a healthy correction in the market and somewhat necessary as well.
Although, the next movement of Bitcoin will be highly crucial for current trend. Bitcoin, as we all know, is highly manipulative. So, only invest what you can afford to lose in crypto market. When do you think Bitcoin could hit $20K?
I think that one the regulations become a bit clearer, the price should approach the $20K mark again. Whether that will happen again this year, who is to say? I do believe that the market is within a self correcting process right now. In order for Bitcoin to become more stable, we need solid regulatory guidance.