Bearish for the moment but in my own opinion the market is still bullish, meaning that when bitcoin finally makes a sustained movement in either direction its going to be upward, and likely toward its all time high. Think about it. Bitcoin was well over $10,000 and only dipped *somewhat* to $8000. That's because traders cashed in their profits, which is a smart thing to do for any of them. It is not likely that bitcoin is going to crash further beyond $8000. It could happen but I don't think it's likely. Thus we're still in the bull 'season'.
I think we are now witnessing another the bear market because we are having more dumps and fewer pumps in the market.
No we're not. A bear market means that an investment has lost roughly 20% of its value over the course of a year. Bitcoin lost that much within a matter of weeks, but its still up for the year. Remember what the price was last year?