It was just a result of a deliberate manipulation, made by big players, just to push out of the market small investors and to buy at low price.
Not so sure about that. Analysts expect one more dive of BTC towards the 8000$ area, which would most likely trigger another selloff of altcoins. I guess we will find out this week, not later.
Spoke too soon. Its not over yet, this is the 2nd time that crypto fall, somewhat recovered but we are not out of the woods. I thought that recovery will continue, but its not a case of bull trap again. Although its green again, its below $11K unexpectedly.
Yes, there're some 'experts' saying that bitcoin could dive further south, in the range of $7500-$8K. I guess, only time can tell, prepare ourselves for the worst, either you bail out early or stick to the market as long as you can. Your call.
Some analysts also speak about the 4000-5000$ level, a dive which would match the price pattern of 2014... THAT would be the worst scenario - let's hope it would stop in the 8000$ area though.