Still unknown as the market continue to move sideways and that last week bounce seems to be a good trap for people who thinks that it was the start of bull but now we are seeing difficulty to bounce back from that last $20K+ position, as of writing the value is $16k+, good enough for those who are willing to take long-term investment as the chance of seeing new ATH might take place after several years.
Starting from the dip will always give every investor and traders a valuable opportunity to make decent and profitable investors.
Market is moving sideways as it takes only the analysitical trader to get highlighten about the market and know the next position of it. Bitcoin have dump several times and also lay glitch which most traders mostly fall victims, but some have mastered it and knows that it's still dumping. For me I'm gathering enough bagging of altcoins which have promising future in the space and it's definitely for long term purposes. The dip is not yet over, it can take through out the year bu let's see what next year have for us.
I agree, the dump still carrying the bear with much strong position, more on how you will decide your investment and how knowledgeable you are with the situation, if you are into a short-ride it's best to calculate and place your stop and loss though it's really tough but more on experienced base, each traders who continually buying their chosen project while in bear season have a good plan and expecting for good bounce, either old or new project, still be working if you do your DYOR and you really trusting the team behind.