The bear market will end when we all finally turn bearish and start forgetting about Bitcoin. 
Just look at history. It's when everyone thinks Bitcoin is dead that bubbles begin. And look at the situation we have now: the market is in decline and yet everyone is hopeful and caught in bullish hype (ETF hype, BAKKT hype, etc), thinking the next bubble is right around the corner.
In July 2013, despite the correction being so short, I felt true despair. I don't feel that now. People are still so hopeful. I still think a mid-term bull trap and long term sideways correction is possible, but I wouldn't plan on an end to the bear market just yet.
Remember also: sometimes the second leg down ends with a higher low (2012, 2013). So a continued bear market doesn't necessarily mean new lows, but it does mean distribution cycle and no new highs.
This is what I'm talking about. It can always get worse.....
Just look at history. It's when everyone thinks Bitcoin is dead that bubbles begin. And look at the situation we have now: the market is in decline and yet everyone is hopeful and caught in bullish hype (ETF hype, BAKKT hype, etc), thinking the next bubble is right around the corner.
In July 2013, despite the correction being so short, I felt true despair. I don't feel that now. People are still so hopeful. I still think a mid-term bull trap and long term sideways correction is possible, but I wouldn't plan on an end to the bear market just yet.
Remember also: sometimes the second leg down ends with a higher low (2012, 2013). So a continued bear market doesn't necessarily mean new lows, but it does mean distribution cycle and no new highs.
I think we have reached on the worst case scenario for now.
This is what I'm talking about. It can always get worse.....