We finally dropped under the 60k price and even under 59k as well. This is why I believe that there is a good chance that we could drop even further. I do not think that we may end up with 75k+ price anymore.
And as of now the price continue to drop below the support level, so we are in a dangerous situation, but the thing is that we are approaching weekend already so the price might movement slowly in the next 2 days after Thanksgiving.
I would not call it a "dangerous zone" because that means we are going to buy bitcoin at a discounted price. I know you have heard "buy when it is going down" a million times and I know many people just want to see it higher because they do not have any more cash to buy bitcoin with.
However this is not the end of bitcoin, literally a few months ago we were at under 30k, so to imagine a 50k+ price to be a "drop in price" is still a great feeling. I can't say that it is a reason to be happy for most people, but I also do not think that it is a reason to be worried about neither. It is a good reason to buy more if you can, or wait longer if you can't.