Bitcoin prices plummeted from 20K USD to about 8K USD due to scare caused by Korean Crisis, Japanese Exchanges hack, Indian Government announcements and some more reasons. However the rise and fall can be equated with the price charts of any stock exchange in respect of rise and fall of share prices. Since November the prices went up and up and up till they peaked out and final resistance was hit.
Then came the massive supply and profit taking and those will weak heart started panicking and sold their holdings of cryptos in fear and at whatever price they could get. This resulted in more slide. Finally these currencies have found their solid support and ever currency is stabilizing. Of course and healthy sign of a growing and mature market. This is the time of stabilizing the market and once the stabilizing completes we would surely see uptrend again. A slow uptrend which will only increase with time. CEO of OnChain Capital Ran Neuner also has the same view and there is no reason not to believe him. Below is the link of the video of his talks given on www.express.co.uk