What are you talking about? The price bounced right back up after yesterday's adjustment. Now resting at $11,600 according to Coinbase. People seem to forget that the bull run that we've been in since August is not sustainable. We were due for this correction for awhile. Regardless of the China FUD, it was going to happen. Also, to add to that, this identical behavoir has happened at the start of the new year for the previous two years.

People have to realize that the ATH was obtained in an unhealthy, unsustainable bull run, right? Seeing as the price was around 5k back in September, do you really think that ATH is all-telling? This was simply a spike showing that public interest has become a bit more widespread. The market is still very unstable and will be for some time before settling. To base everything that's going on around the ATH is a very irresponsible decision. Try to look at the big picture of where prices were a year ago.