We all know that if bitcoin price go down sharply even if it reaches its lowest price bitcoin will rise its price again because many other people wanted and have trust on bitcoin.
Even though majority of people trust it but those who are holding a big portion of the pie has the ability to move the price.
I know they still support bitcoin but they are clever enough to make trades in short term and make easy money, that's why the price will remain volatile.
What should be in our mind now is that hope that they'll bring the price up again, and until that time will come, we should remain calm.