One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success. In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall. I have read news where people were predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin. This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down. All these news we spread rather drive away investors and at the end of the day, we all lose. Why can't we unite and spread good news rather than hate one of our own?
Maybe because they have lost so much money for Bitcoin!
I am a trader and in my opinion I think Bitcoin will drop to $ 5k in the near future before rising again!
I don't want to see bitcoin price will drop to $5k shortly but this could happen especially, if they are many people lose their beliefs in bitcoin and makes the price is down too deep again. But I am sure that right now, many people are still buying bitcoin at a price now because they see that bitcoin have a big chance to increase back. And some people still waiting for the price to get down so they can load their money to get more bitcoin at the low price but of course, they need to have patience before they can see the lower price.