The Chinese exchange is not easy to hack. If so, it is deliberate......
Bitcoin is coming nearly 4000$ again but i dont think it will go down as low as that. Many neophyte people in crypto currency will surely panic and create some FUD once it goes down that dip. And to those loyal bitcoin users will be a good news since they can buy bitcoin at a much lower price.
It's hard to Bitcoin goes down $4000 because few country where the cost to mine 1 Bitcoin is lower than $4000 so if Bitcoin goes down under $4000 then majority of miners in the world will stop mining Bitcoin, whales will not like this . According to Elite Fixtures announced The cost to mine 1 Bitcoin based on the average electricity rate per country: