Personally, I do think it is unlikely to fall much further. However, the recovery may not be swift:
1. All indicators still suggest overbought condition + divergence.
2. The 20k resistance is too close.
3. People are in the holiday mood and don't want to take on further risks.
4. Coinbase listing of BCH will draw some buying power from BTC .
While before I thought it could reach 25k be EOY, now I think it's going to remain under 20k, 2-4% growth per day with some drops in between.