My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?
Microsoft takes Bitcoin and increasingly many others.
Bitcoin core has been modularized and improved code wise.
We have multiple implementations of Bitcoin core (like a true protocol, we had only BTC core back in 2013 fall/during that price hype)
Bitcoin is getting easier and easier to use - while staying safe.
Hardware wallets and multisig.
Gavin has a good road map for scalability and is widely supported in his efforts by the community.
Multiple strong exchanges.
Dark wallets coming/here.
Un-closeable P2P markets coming/here.
If traders think that Bitcoin was worth 1000$ each in 2013 and <300$ now I dare say they are demented.