I guess for others this might cause a panic because it's the first time that we have hit below the previous all time high. Previous ATH is more than $19k in 2017, but now we are way below that and it's just the beginning of the bear market.

Fortunately, bitcoin is too big to fall, yes, we might be in downward spiral, nevertheless we can still recover from it.

That's how historical logs gives us, bitcoin time again has bounce back and exceed our expectations.