Is current crypto downward trend only temporary?
Every crypto price downward trend is temporary.And every crypto price upward trend is temporary as well.This is the nature of markets.By the way,I wouldn't call it a "trend" because it's not long term enough.
Maybe we should call it a price spike,not a trend.
Or more like a pump and dump, but we believe BTC has a future, and therefore as a holder we should not allow that pump and dump affected us.
We look on the overall movement of the price, forget about the pump and dump or whatever you call it, we cannot deny BTC from $3200 now valued at $11400, then compare and see how big it has rise already.