bitcoin will continue this bearish trend for a while till all institutions and whales accumulate enough , then by end of this year we will see a huge spike in price like what happened in DEC 2017 . that what i think
I also think the bear market will continue for a while but I do not think we are going to see a recovery by the end of the year, the last time we had such a big crash the price took years to recover and I really think the same is going to happen again this time around, this is both good and bad news, it is good because you will have a lot of time to accumulate bitcoin but it is bad because our investments will be down for a lot of time.
I agree on that, I believe that bad news has really a great effect on the volume of the investors in the market place. If bad news occurs it tools like there is no assurance of gaining in the near future maybe we should have to hold on this huge drop but some are already doing panic selling, and it will really result to dropping of the price.