The general sentiment is still that this was just a shakeout, and that this market will inevitably keep going to the moon. However I think that this uptrend has pushed itself way too far already, moving up in a straight line, as well as all the other stock markets, and that economy and the world are going to have to face the facts and so new bottoms are likely to be found. For Bitcoin it could be in the low $2000's.
But, that's for later! Looking at the near future, where is the market going? We can see that Bitcoin has been moving up a clear trend, market in the chart with thick white lines. The bottom of it has already been tested yesterday, and got only a small insignificant rejection. Is very likely that Bitcoin is going through it soon, because of the strenght and the of the dump. Next target seems to be at $7800, where sits 0.382 of the whole rally, and another important trendline (in yellow). Next, there is the strong at $6800, where Bitcoin has wiggled around many times during the past two months.
Looking at technicals, on the daily also broke down from the upward movement, signaling a clear shift. daily has just crossed, which is also a strong indicator.