Just a couple weeks ago people were asking if 30k was the bottom and many thought so.
In the thread I made many people thought that we wouldn't fall lower and some who did thought that we'd go to 23k or 20k. For me going below 20k was also a huge surprise because we rarely touched any levels below 200 WMA. You can see that in the well known stock to flow model that we stopped following last year for the first time in many years.

After seeing the price drop below 20k I feel extremely bearish, like I've not been since 2014 when Gox collapsed. I feel like we could be going lower and lower even to 10k because of people's stupidity. Going to 17k meant large number of investors left the market with losses. I doubt anyone who sold below 20k did that with a profit and we're talking about thousands of bitcoins. This is going to lead to a year long bear market. I hope I'm wrong about this.