Looks similar to many of the corrections alcoins aree used to process. Is it that surprising that BTC does the same in larger scale? No BTC moon for now! It will either continue bullish, sidewards or go back to the roots. The volume during this correction is always high, which makes me feel, that the power for the next bullish trend is lost in the greed by not giving BTC some breaktime. We burned to much fuel in first weeks of january.
- Maybe i am wrong, but i think the next month will in average still be bearish/sidewards.
- New money will not come in until the situation has stabilized and media stop interpreting and showing the FUD-graphs from january 'correction' as a crash.