The bitcoin price dip seems there is something common. The price dip at the middle of January since 2014. It could be this is already a behavior of Bitcoin price. Investors/Traders should be watchful on this.
Yep, as long as bitcoin has existed, there has been dips as a result of people dumping their share of coins because they feel like that the price won't go up much more. Same with 2013, and we're now around 8x the peak price of back then.
Right now, I think we're going to probably recover to above $10k, and then potentially enter a period where everyone thinks that bitcoin is dead and there is no more money to be made in investing in bitcoin.
That's when it's the best time to fill up your bags, because the price will be cheap. And when a pump comes, people will quickly hype over again. It's essentially a boom/bust cycle.