I want to know from you, is the price of Bitcoin likely to fall further?
The answer is a huge Yes.
It kinda disappointing but you gotta have to look at the positive side and take it as an advantage. Some people predicts the bottom to be around $10k. That's worse than you thought right?
We can't expect great things this year as the global economy continues to struggle. It might not directly affect the crypto market but sure it can be felt as more people are running out of extra funds to allocate in for their investments.
If you are into a long-term investment with Bitcoin, these price changes won't concern you. Only short-term traders are affected by this BTC price movement. And indeed there is a possibility that Bitcoin will fall below $20k rumors about the mega dump to happen when the Mt. Gox BTC is released are getting stronger. This will create fear, uncertainty, and doubt about the recovery of the Bitcoin price. So others will probably short their trades and make a position to buy cheaper BTC. And these shorting will also contribute to the BTC price fall.