Not sure why there is so much fear out there with Bitcoin. The chart shows just a normal retracement from the April breakout to the upside. The article below quotes the trader saying "The bitcoin chart looks 'pretty scary'.
The chart I provided is from tradingview.com.
http://www.businessinsider.com/bitcoin-price-blackrock-2017-7
And the article states that he is advising his clients to stay in broader global stocks so he is afraid of Bitcoin chart but he's confident staying with stocks.