All the people who bought bitcoin when it was $20,000 with credit cards have most likely already sold, that leaves the people who bought at the $7,000 to $6,000 range thinking that was the bottom. I think these people are going to keep selling what they bought so they can have capital losses to write off on their taxes.
So the part you've been waiting for the prediction - I think bitcoin will bottom out at $1500 then you will have the opportunity of a life time to buy bitcoin.