I'm sure that by now everyone must have seen the state of the market, and how a lot of projects are in the red, BTC included. Question now is if this is just a pull back in attempt to go on another upward trend or if we are just about to enter a bearish trend.
If you are very good at technical analysis, you will understand that the market could surely not continue bullish, but at some point we have to retrace to fill up inefficiencies that have been created in the course of the bullish trend. In my opinion, this is what we are currently seeing, that is, the market is retracing to fill up the inefficiencies and fair value gaps that have been created before it heads back up.