Bitcoin seems to be bearish in the short term but bulls still have the advantage in the long term with uptrends on the daily, weekly and monthly charts.
It does appear that way. That was a pretty decisive dump below the last couple local lows. Basically, bulls need to retake $12,000 in order to regain control. Otherwise gravity should do its job and start squeezing all the top buyers from the past week.
I'm still looking at mid-September for a resumption of the monthly bull trend. Until then, the $8K-$11K range is still on the table.