The current dip has more to do with the CME shorts then anything to be honest (but the timing also overlaps the Chinese New Year cycle + a natural correction cycle). Lots of people manipulating the market for their own gains at the current time...

1. buy mass BTC in the 3 months leading up to the futures launch
2. cause a major spike to all time highs at the time of the future launch
3. sell a portion (~50%) of your BTC at the top (2-3x the value you bought in at) to recoup 50% or more of your investment while leaving you with the other half of your BTC position to be used later
4. short bitcoin when the CBOE futures launch
5. short bitcoin when the CME futures launch
6. just prior to your CBOE shorts expiring dump some of your remaining BTC to cause a waterfall dip
7. cash in on your CBOE future shorts due to this created dip
8. wait a week or so, just prior to your CME shorts expiring dump the rest of your BTC to cause another waterfall dip to an even lower level then before
9. cash in on your CME future shorts due to this 2nd created dip
10. use all the profit you made from your manipulation (selling at created top, profit from small CBOE short, profit from large CME short) and use that to buy many times more BTC then you original owned without the need for more capitol and watch BTC correct back to all time highs and beyond, while at the same time taking a long position on both futures markets going forward for the next wave of manipulation (upward this time).

I guess you can call it the "10 easy steps to 10x your money by manipulating BTC on multiple fronts".

Long story short, expect a dip to ~8k in a few days , and then expect the downward pressure on BTC price to suddenly stop (~14k feb, ~20k april, ~40k july/aug) as they ride the wave up with the same method only in reverse (with many times more value in play).