There was a previous bull channel and it exceeded expectations pre-halving. Now post-halving, support and rallies have been drawn from consumer demand resulting from the news and also from wider adoption of the commodity, but it isn't enough to address drop in hashing rate or drop in price. We are probably in a bear trend right now as weaker hands are shaken out, but this too will end and a very bullish rally will begin when we reach the appropriate low.
je ne parle pas anglais but this chart is slammed to the ground