Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?
You should take it normally. As a long term holder you might face those price drop issue most often. Four years ago I have also got shock like you by the sudden change behaviour of bitcoin price, cause I was new to crypto world that time. Now I don't get surprised by those price change anymore. But as an investor I also want to see bitcoin price rising.
That is just right.
And instead of overthinking what is happening, try to blend what other investors are doing, reinvest. If you can't reinvest, try to be calm and just keep on holding. This market is not for those people who have weak hands, you should always remember that.