So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
If you are calling the price of $11,600 a bubble, then it must be the mildest bubble that Bitcoin has ever had. I would classify this drop only as lateral movement around the $10,000 to $11,000 range. The price can remain under $15,000 for a lot longer than a year. The previous highs were due to an overheated market and we will take some time to see those levels again.