Of course why would someone buy expensive Bitcoin when you can get it a discount? It just doesn't make any sense. Not just Bitcoin but other crypto currency as well. The problem is that we didn't know the discounted price, (bottom) that's why majority is still holding back, but I'm sure that when the price reaches <$4K, a lot of investors will have a panic buying. Lol. So let's see how everything goes if Bitcoin will continue its downtrend or not.
This is quite true when the market has become bearish or when people are expecting that the price of something will still go down...this is the reverse when the current general expectation is buoyant because people by then will do everything possible to get in. All the speculations at this current market is going down...that is why we have many people who are panicking and this is the pressure feeding the bear. I am still hoping though that a "miracle" will soon spark and will change this trend abruptly.