Yeah, the market is in bearish grip. God knows how long will it last. I mean the markets have started to sell off and if we take a cue from the bear market of 2013 to 2016 , i think this market will last till Jan 2019 ,,moving sideways and down. I think the bottom of BTC will be around 4800 USD and it will linger at that price till then. Lets see and hope for the best.