There is a lull in the price action for Bitcoin due to the day of the week because it is weekend and the recent cashout by most traders eventually had cause a cascade of other Alternative coin (Altcoins) to follow BTC on its way down.
But the few hundred fallback is not a crash anyway and is a normal part of the cryptocurrency markets as it happens everyday. As we can see in the chart above the price of Bitcoin is supported in the 11.3K pricepoint level which is why there is an inverted "W" pattern in the current price which is a bullish sign that it is really wanting to go up.
We must remember that BTC has a limited supply if not limited and the mining rewards for it gets halved in every four years which means that it is getting harder and harder to acquire BTC and its continual scarcity makes its value to go up even for the short-term perspective.
In the future its use will be mainstream which means we can pay with it over the counter in stores or even to online stores most particularly. But right now people from all walks of life continues to discover bitcoin, will learn about it, trade with it, buy it, and especially store it as their investment and that alone is a cause for the value of BTC to rise and rise.
Bitcoin Will Be Used Widely The Future Which Will Add More And More Value To It
Also there are big businesses or even wealthy people are using BTC to hedge their money from the FIAT inflation. It is a better way to secure their money or our money for that matter because in BTC the value goes up, there are instances that there are big sell-offs for BTC but it always rebounds because of the stated reasons above while if you just store your money in the bank it is risking to fly in the window if the bank suddenly declares "Bank holiday".
The term "Bank Holiday" seems to sound fun and good but it means that your money is already gone because the bank had gone insolvent or bankrupt and if your funds does not have an insurance you will not get anything but even if your funds in the bank does have insurance you are just left with a fraction of once you had in the bank.
The future is digital and it includes money and fortunately we live in an era where we can transact, trade, sell, store, and use a digital money that is and will change/changing the lives of so many people that deserves a secure form of money that cannot be taken away from us unless we do not get careful about it.
Disclaimer:
All the statements here are from the author's own perspective, expectations, belief, assumptions, philosophy, and opinion only and must not be taken as facts for your own use. Please do your own due diligence and research about cryptocurrency before you venture to invest, buy, trade, sell, etc. because of its volatile, high risk-high reward nature so that you will not lose your own funds.