And Bitcoin, while also down is showing fairly strong support and not doing the sort of draw down we have seen in past bears. Many are still calling for Bitcoin to do something it never has and pull back to below the last cycle's highs.
This belief seems widespread, however it is false.
Top of April 2013 was $266.
Top of December 2013 was $1170.
Bottom of August 2015 was $160.
And I remember at the time, during the downtrend post December 2013 peak, many people could not envision the price going below 266$ because of it never went below the last cycle high (the pattern was true at that time, and the pattern got broken).