Maybe he was right since the market is not yet in the bullish stage there is still a tendency that it would back to where it wanted since the price right now maybe some kind of a bull trap.
At these price levels it doesn't feel like there's that much conviction around at present. I could easily see it falling back into the $3000s. Going below the previous low though would have to wade through an awful lot of orders to get there. Things can turn in an instant so it's possible but it's going to take some effort and it won't be for a while.
Anything can happen, however, easily back to $3000? I reckon it might be harder for bitcoin to fall back into the $3000s than flying over $6000s. No one is dumping their bitcoins anymore, only their altcoins hehehe.
altcoin price now dumped by the holder since bitcoin price rise alot from $4000 to $5300.and maybe this moment still continue if bitcoin show its power in market.in my opinion there is no chance anymore if bitcoin drop to below $3000,investors and crypto community now very confidence with its future moreover many countries accept bitcoin.