Unfortunately, the price has dropped too deep because now the price is at $9,300. I wonder if, in the next week, the price can start increase to the last high price...
How $500 drop can be characterized at all as some kind of deep decline? This is something quite normal for four-digit number price, we are not in 2016 when such drop (in fiat value) would be truly dramatic. Why to wait next week or next day when price is back to $9500, as if that means something too much if we look at the overall picture.
OP is expecting price to decrease more in upcoming weeks. So price might decrease much more then just 5%. I totally agree that a 5% drop for Bitcoin is nothing.