And in my opinion, I really think that this is still a decent price than nothing.
April has been an extremely generous month for people. Not much was required for people to make profit, but the market won't continue to be this generous. The market looks overbought and due for a sub $5000 dip.
Don't forget that before the pump to $5000 people were largely bearish and still speculating about how sub $3000 prices were realistic. Some were even speculating about the price to reach $1300 or even below $1000.
People were overly bearish in March, a pump we got. People right now are overly bullish, and a dump we got, and I believe there is more room to the downside, so don't assume that it's over and we go back up.
at all times there is always a lot of people who are claiming that they expect very low prices such was the case with $1300 and $1000 but that doesn't mean they actually expect it to happen or speculate it. and it certainly doesn't mean people are bearish.
what we had prior to the breakout over $4200 was "uncertainty" where people didn't know which direction bitcoin price is going to go.
with that said, i don't see any room for any drop anymore. the dropping days are over. at this point there is only small corrections after each rise and the rises themselves. the only case that might cause a drop is if something bad happens like the recent Bitfinex drama, otherwise there is no reason for drops.
