We are at the point of $6,300 right now which is very disgusting and not expected, I just don't know what is happening with this market last days, I have lost almost 50% of my portfolio recently.
Expect the price to slide further as we approach the Chinese Ghost Month which starts from August 11 until September 9. Chinese traders will stop making business decisions during those period. Last year when Chinese Ghost Month started, its a blood bath all over but price slowly recovers after that festival. Its good if you have extra funds, because you can buy cheap coins then sell few weeks after the festival.