This is a little crash course in bitcoin history. Back in 2014, there was a much smaller Hyperwave like what we just had.
In my opinion, the market still has much to purge out of itself. It will not get to $200 again but there will be buying opportunities. Once the bleeding stops we will probably have a year or so of just straight across trading with small ups and downs. After that we will start an uptrend and hopefully, hIt a Hyperwave 10x bigger than the last one.