hopefully current movement only correction from impulse at $34k. long term technically its still bullish , and taking profits was needed to get more money to accumulate potential coins or tokens. if any good news continuesly coming to market, i am believe we could break last all time high and create new one . fundamentally alot adoption happen in around the world, and even countries leader support it directly.
Long term has not been bearish for a very long time,,, so it does strike a sense of fear that winter is coming, and I guess that is what people are afraid of, hence patient buying in expecting even lower prices. The good thing I feel that if we do go below $40000 it will trigger more dip buying so we should see accumulation getting serious. This is all a waiting game right now.