well, it looks like the current decline is much worse than the existing speculation. however, the fall in price was almost below $ 11k. I am quite hopeful that recovery occurs again, and it comes back to $ 12k. this has quite an effect on the prices of other altcoins.
The current price is $11,340 seems the decline is not good but more likely we hopefully see a recovery phase on bitcoin in the coming days. Since their is a decline it's also a big risks trading at the moment that we could accumulate or hold. Yet their is a possibility that bounce may happen since we still have few months this year will end. True their is really an effect on the price of altcoins as some of altcoins I have price are dropping.
It does recovered recently,last night reaching $12k again but suddenly falls back just hour ago.
but it is best to see how recovering happens these days as the daytraders or short term trader are making money even if they are using Bitcoin.
I love to see how much will it Be in the end of 2020.
$15k is enough for me because i am seeing another good Hype in the coming year.