There is heavy instutions money waiting on 15k-20k to buy it so it's unlikely the price of btc can go lower then 15-20k more likely the 18k-20k Will hold BTC price well.
That money bags are waiting to buy in around the levels you mentioned doesn't mean a thing. I know the recent dump is from the FUD around billionaire Michael Burry shorting Bitcoin heavily a few days. Crypto (Bitcoin) is moved by either of these two – FUD or FOMO. So, wherever there's an of the two the market shakes. I believe a lot of investors panicked because they didn't know why he would be shorting it that much. Paper hands like exiting the market at the slightest rumour, even before confirming it to be reality or not. Waiting alone without taking action can't move the market. Let the money bags roll up their sleeves and get in the work, instead of staying on the sidelines in wait. As for me, whether Bitcoin goes below $20k or not I ain't moved. What I know is that it will return up there.