I think news articles are creating some panic with clickbaity titles and things along those lines. The SK restrictions sound good in my opinion, but the general public might have gotten the wrong message out of it. I think this downtrend will bounce back in the next few days as people start to understand it's not the end of the world.
Whereas a panic will only make Bitcoin's image worse, we have a benchmark that when Bitcoin users make a sell then it is likely that the price of Bitcoin will decrease. This is what we should avoid because with the influence to sell Bitcoin then it will only make the decline in Bitcoin prices. We should believe and see the positive information because with it then Bitcoin will experience a good development and can avoid significant price reductions.
Yeah,when bitcoin price decrease many people will sell their bitcoins in panic.So I think the price of bitcoin may decrease than $10K in the coming days.Bitcoin need to be developed in terms of transaction time or else people will look for other coins then bitcoin may lose its value.
