Why would I say that Bitcoin could hit the bottom price at 9.2K levels? Well before BTC had initiate its bull run last July 22nd, the support price was at around $9,200 per BTC and not at 10.2 K even though the price was hovering at around that area of price currently. But the CME gap hasn't been fully filled-up yet so we can expect another volatility for the Bitcoin price.
But in my opinion even at these levels it is still also a good buy for both BTC and altcoins alike. We can already load-up on our favorite alts except maybe in some new Alts that would just exit scam so be wary of those and just invest if you know what you are doing.
Things could get interesting from here and if you just examine the factors on why BTC could hit lower you might also consider buying at lower prices both for BTC and some Altcoins. But right now the prices just tanked and it is a good thing, people or traders are just given another chance to buy up relatively cheap coins and rinse and repeat once we hit another milestone in BTC in particular because it is the major price drag for all cryptos in general.
Disclaimer:
Invest only what you can afford to lose, do not take the statements here as facts because they are only from the author's own opinions and beliefs, take due diligence and research before venturing in a highly speculative and volatile nature of cryptocurrencies to avoid potential financial losses.