This is a historic moment, as Bitcoin was always the king, followed by every alt in the game.
Now for the first time, Ripple and XLM are behaving completely separately from BTC.
There is no confirmed reversal yet, or anything... and this dip can go further down or reverse from now - a no trade zone.
This is very tough moment for Bitcoin holders, bull-dreamers, us ordinary guys planning to be making nice bucks from crypto.
This thing extends and the only thing on the horizon is Bakkt.
That is the negative news.
The positive is: in order for a PROPER bullrun to begin, a strong, badass, bullrun... this had to happen.
These red dildos are discouraging even the strongest believers, however, what we speculate about is only a small timeframe in 10 year btc cycle.
Bitcoin had these cycles, bitcoin got up after every single one of them stronger and bigger.
Positive things: 1) Bakkt on 12th Dec 2) End of year and grand tax evasion scheme by purchasing bitcoins
Negative things... none except the hash reduced from bitcoin (already ongoing and paying the price for it) and institutions willing to enter bakkt at best price possible (although they are happy with 6k also).
In an event of a bull momentum starting, it will go up, and break 5800, close above, break 6400 and close above... that will be a confirmation.
Your fellow believer