This sudden dump in the price of bitcoin is not something we have not seen before looking at the trend of bitcoin from history but at any point in time there is always a correction point where we hit the bottom finally and start to rise. Currently it seems the bottom settled at $3k do you think that is the correction point finally or we can still another dump in the price?
It will be very difficult for someone to really predict the bottom as the bottom is not a measure but decision people made concerning they investments. Remember that when people are afraid that is when the big players come into the market and when they are greedy that is when to sell to them and make your own profits.
