I think the recent downtrend is interested because altcoins seem to be falling the same amount as bitcoin. Check it again, THE SAME AMOUNT. Bitcoin drops 10%, Ethereum 15% and most altcoins are falling a % in between the two numbers. Obviously there are a lot of altcoins, but I would expect most of them to fall double or triple the amount of Ethereum at least. I think this says a lot about future prospects and the different communities. Many of the top altcoins have strong long-term hold potential. People aren't dumping them.

I didn't sell my BTC after Segwit2x was called off because I thought bitcoin falling was such an obvious trade it probably wouldn't happen. A lot of people were hoping to get in on an altcoin.

It just seemed like shorters would take advantage of this right away and the drop wouldn't be as big. Boy was I wrong about all that. Now I don't know how far BTC will fall. There really isn't any great news on the horizon to move up its price again.

We'll just have to wait and see.