I cannot understand for what you have said as sure. Will it recover back in value or price will decline to lowest value. I expect bitcoin should recover with in a week of time. I have some money for personal commitment. If this runs like this badly I cannot able to manage the situation also. Exactly bitcoin price is started falling when the time 00.01 UTC. We need to identify the cause of this.
Look at the post history of kwukduck for the punchline.
A broken clock is right twice a day, remember that! Personally, I think we have found an interim bottom in the $3700s and will form an inverse head-and-shoulder reversal later today. This could give us a very healthy daily close that says the correction is over.
But I am also keeping an open mind. I am very uncomfortable with how bullish sentiment remains. That makes me worry that the top really is in, and that retail investors are about to get dumped on for months.
Those that were around in 2013-2014 know: when the PBOC makes a move, pay attention.