Presently we're seeing a quite sizeable dump off due to the new heights that we were able to achieve.

I think that we'll stay bearish for the week to come. Don't think that we'll see any uptrend before the market completely stabilizes and finds a spot to consolidate at, which I think will probably be at a sub-$9000 level.

We'll still be much higher than what we started with at the start of the month. So you could say that we've already recovered.

But after that period of consolidation we'll definitely see a new recovery trend upcoming. Potentially this time to $15k+ and establishing a floor at $10k firmly.