Can we now said we are at the bottom now. Bitcoin keep going down and if it continues like this it might go below $1000 before end of this year. I think there is no bottom this time and we might need to see reverse of price any time the market decided.
No that is not right that the price of BTC will reach down to $1000 as in that below point the miners will earn a lower income and then they will either stop mining or will not sell their coins and will hold them so a supply will be restricted to the market and the demand of the coin will bounce back the value of Bitcoin. So any time the price goes down the holders do not sell their coins.