If it breaks the $3000 support and keeps heading lower then it might create more panic and cause another bearish year.
That's exactly how I see it. It will be similar to what happened when we broke the $6000 mark, and I'm sure that this will be the last push the last couple of bag holders and ICOs need to unload their stashes.
I'm however facing the same thoughts about the market as we had before we broke $6000. People were overly bullish and the market did the opposite. People right now seem overly bearish, which also may lead to an opposite move.
Markets in general don't follow the logic of the mass, and there is enough incentive for market movers to hedge that mass. I'm glad that I don't actively trade the market but just average my way in. No tough decisions to be made.
