If everyone takes advantage of this opportunity, the chances of Bitcoin price going up are very high.
Definitely, it will happen the chart doesn't lie. That's why hoarding BTC is really a good strategy since the value will surely hit more than the ATH in the future.
And as I analyze it with my personal technical analysis, BTC might go down more than $17k if the support level area will be broken.
I highly suggest not exchanging stablecoins right away but waiting for the right time when the market will are recovering from the bear trend.