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?
just because price goes down, it doesn't mean it is a bubble popping! a bubble is when price is so much higher than the intrinsic value and then it drops hard. like the $20k and the drop to $10k. not a 10% drop that in bitcoin is considered normal fluctuations!
and just because you saw a drop it doesn't mean we are in a bear market. this here is more of a sideways action than a bear or bull market. price is going up and down between two prices of $9k and $12k and until it breaks either one of these lines it is going to continue being a sideways action.