People were buying at over $19k. Nobody likes throwing away money. How many people do you think are willing to sell their bitcoins for less than $6k? There has been no major news or reason for an actual crash.
Anything is possible, but the further we go down the less likely it gets that it will go down any further. Won't be long now!
RE: DO NOT PANIC! BITCOIN DROP IS DRIVEN PURELY BY TECHNICAL ANALYSIS