The setup for Bitcoin is getting better every day...
Technicians (aka traders and those looking to buy back cheaper) selling as the market consolidates is normal and, frankly what I expected, but LONG term holders are buying and price is more stable than expected.
At the same time, more people are learning how expensive it is to MISS out on sharp Bitcoin rallies.
I fully expect that, in the next year we will fully reverse the price action post Oct 10th of last year. At that point, the ownership structure of Bitcoin will be much stronger, and the adoption metrics will have advanced significantly, making it ready for the next leg.