Personally I expect that this downtrend will continue until the second half of the next year. So according to technical analysis I think that we will see Bitcoin price under $ 2K. Only after this will happen, recovery will begin.
why do you expect that to happen? Can you imagine the loss that many people experience if the downtrend continues? And what makes you so sure if bitcoin goes down to $ 2k there will be a recovery? sorry friend but according to me that's not the expectation of most people because it could be too risky.
Well, if the downtrend continues, the loss will still be there anyway and it will only become a huge loss for them and a colossal failure if they sell at that loss. As long as you are holding the same quantity and you certainly believe in the future of what you are holding, how far the market go lower will never be a challenge as what would be most important is how you are actually able to take advantage of that dip.
People are concentrating on the losses they are accruing now because of a downtrend market but they are not actually looking at the regret they will have when the market tend to go huge in the long term which is why so many will regret the fact that they had the chance to buy lower today but the panicked and freaked out.