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I beg to disagree because we still have more than a month before this year ends so we still have big chance for a bull market to come most especially that the last month of the is expected for a bull market run.
I will not conclude yet, although the market shows this negative sign but, the year have over one month to end and on crypto even 2 weeks is a long time.
I won't say a rally fully depends on Bakkt launch. We all know its been postponed to January 2019. I believe if demand increase market can rise because crypto market depends on demand and supply. Still we have more than 1 month left in this year and we never know how market behaves in coming days and honestly speaking bears are strong in the present market.
I was also holding on to the thought that the market will rally behind the launch of bakkt this coming December. Oh well, there is nothing we can do about that. We will just have to wait for December to pass and look forward for 2019.