Since lot of people are in Panic they will start to sell their BTC with loss , Market will be red more than ever before,
So this is how It work:When BTC 2.9K$ Panic will be started, Downtrend will be slowly started too. Price will be dropped to 2.5K$ - 2K$ than Next wave of Panic will be started and price will be fallen to 1K$ and it will stable at 800$.
Panic will indeed make things worse, including the decline in Bitcoin prices. But I am optimistic that the price of Bitcoin can last and will not experience a drastic decline as long as we trust and continue to use Bitcin. what will determine the future of bitcoin is ourselves, when we are all convinced and increase the use of Bitcoin then the price of Bitcoin will continue to increase. Believe that the future will be very bright, as long as we can continue to stabilize the conditions, everything will run smoothly.