.....since about May, we are still confirmed to be in a bull market, so there could be some fireworks here that people interested in BTC would like to witness... and yeah we could go back down to a bear market, but probably we would need to get down into the sub $5ks and likely even below our April 1 breakout price of $4,200.. which could be a bit of a challenge to get there. NOT impossible, but surely a challenge.
Agree with most of your points.
Just one question : How are we confirmed to be in a bull market ? ( Empirical evidence)
The shape of the chart looks to me like a rally in a bear market. It has that sort of shape, with the rises sharp, and the falls grinding and waterfall-like.
The shape was like a bull market up to June this year, but suddenly everything changed with that spike to 13500.