If the Willy report is true, which is not clear to me, then the last 2 bubbles where fuelled in part by fake demand. If you look at the long term log chat, there was an increase in the rate of price increase during the last two bubbles, which could have been caused by Willy if it was really happening. Therefore if the Willy report was true, then we could correct down to the rate of increase that was present before the bubbles, which would put the current bitcoin price at around $200, and the price may not recover quickly.
If the Willy report isn't true then bitcoin is dead cheap and I'm long term bullish.
My guess is that Willy isn't true. After all wouldn't something like that have been discovered by law enforcement and have been confirmed? In which case there are many possible explanations for the current 'dip/crash' (Alibaba, ethereum cash out, traders giving up on bubble hopes, manipulation, simply not enough buyers, merchant sales) , but I am prepared for further downward movement just in case. I bought my first BTSX today. I'm still learning about it but it looks promising so far.