But..... But.... Mike Novogratz said that institutions could to lift the price to $8000 this year. In other words, we have waaay more to go down if he's still a counter indicator.

Or just sell and be done with the suffering because most people simply can't handle the stress that this market subjects them to. It's all cool when the price keeps going up, people's confidence in the market and Bitcoin grows, but as soon as we're heading South, things change. I can't even imagine the level of stress they have been going through last year, and perhaps even this year.

In most cases, the weakest hands are the first to dump during corrections, so if that's what they did last year, they did actually pretty well if you look at the price right now.