Market is unpredictable even we do see that there are no news nor even technicals showing some recovery or u-turn but still the market could make out a recovery phase surprisingly or without knowing.
Market sentiments are really that relevant anytime but we know that one of its behavior and qualities where it cant really be known where it could move without relying with those fundamentals.
We do always asked out questions on when recovery will come and this is where peoples knowledge and analysis would really differ.Some might be waiting but some there are busy on accumulating
while market price is still cheap.Some are waiting for further dips or main support but it is eventually that a bad idea to have.
You can wait for a further fall and continue to accumulate, one does not interfere with the other. Few people succeed in catching the bottom, this is a difficult task and most likely there is no point in this, it is better to buy in parts. 16k is a good price, buying bitcoin at that price is a great deal. Another thing is when it comes to altcoins, here you need to be very careful, because even now some of them fall by -10% with any bitcoin movement down.