Dude, we not in a Bear market.. we are being sabotaged by a group of Chinese with a vengeance against one of their rival Whales. Also a Chinese government with a hidden agenda, namely to sabotage all other Crypto currencies.. in favor of the "soon to be released" Yuan coin.
Very well said, China at it, entering the picture again to cut bitcoin's massive rise in the last 8 months or so. But what can we do, weak hands is exiting again, which is good indication that the bullish cycle is not over it, they just over react.This was a strategic move from the Chinese government and a couple of whales to seriously damage Bitcoin's price. I hope the people who are buying those coins that was dumped by these people, will hold onto them ...to keep them out of the people's hands that wants to manipulate Bitcoin's price. 
Again, China have been in the game for so long that they really know when to enter and make significant damages by releasing negative news in the media. But we should look at the long term, for me this is just another test. Lots of month ahead for us to bounce back.