No one really knows what has triggered the latest BTC price plummet. It could be the $40 million Coinrail exchange hack, the price manipulation investigation into some of the exchanges by the Commodity Futures Trading Commission (CFTC), or it could be due to a BTC whale that recently transferred 90,000+ Bitcoins to the Huobi Exchange, triggering fears of a massive sell-off. While people like Tom Lee, John McAfee and Zhao Changpeng remain bullish and believe that the price will recover and hit an ATH within a few months or so, there are a lot of posts from various investors and traders suggesting that BTC could plummet further down to $6K, $5K or possibly $3K before it starts moving up again. Some think that this is a market correction. Maybe it is in part, but it is also due to a number of other factors, such as the Chinese & South Korean ICO bans, the search engine ad bans, the social media ad bans, the SEC, and let's not forget the Mt. Gox trustee who has dumped 1000s of Bitcoins through the exchanges and needs to dump 1000's more. By the way, the Apple Store has just banned crypto mining apps which doesn't help. Yes, Bitcoin is going through a heck of a storm right now, but in time as more institutional investors come to the table and mass adoption takes place, BTC will be worth a heck of a lot more money than it is worth now.