Why the Market Slump Has Not Damaged Confidence In Bitcoin

Following a fantastic week for Bitcoin, which peaked at around $8,300, the inevitable market slump has happened.  Analysts have attributed this to large sell orders placed on Bitstamp. But despite the loss of momentum, the sentiment remains bullish, which goes to show that confidence in Bitcoin is as strong as it has ever been.
The Market Slump Was Expected
Friday saw red across the market, with only a handful of top 100 cryptos being able to stave the pullback. The price of Bitcoin fell 8%