Everything is possible in the short term. BTC and altcoins are heavily attacked by governments and financial institutions. No one can say what the price will be in one week or one month but in the long run, there is higher probability for prices to conquer new highs and lower probability for total crash. HODLing is very difficult. Especially for those who are invested in with their significant savings. If the HODLers will manage to stay in, the sellers will spend their resources and this is where the reversal should start, but as I already mentioned, it is impossible to know, when this will happen.