What goes up must come down. Bitcoin will rise and fall, but it always finds its feet again. It seems that once it drops to lowest lows its adopted by new money. It will pick up again and no doubt we will see the same pattern of rise and fall. IMO we will never see the price range of $15-20k as before but btc will get back to 7k before long. Whales dump and people panic sell. Then whales buy back and people panic buy. Nothing unusual here.
To anyone that is holding now with a 50% loss, just keep holding. Step away from your comp a while and check back in 6mths. Better still, buy more at this price to cover your losses