If the price falls to such level, that is a bad signal, and something when wrong with the protocol of Bitcoin. It will badly affect big investors and even the little hodlers will also be affected. Bitcoin has come this far to go to such a low price. It will be difficult for it to rise again, cause the public will be scared of as it might not recover from such deep. The entire crypto community will face criticism from those who never invested in it.

If we see it at $50k, there trust level will even drop, because it is not supposed to reach that level again, considering its current price mark in the market.