I really don't understand why we have several threads comparing the 2017/2018 bullish/bearish market to today's 2020/2021. Are there really similarities or some coincidence?
People just get fearful after a deep correction. The downtrend has been such a stark contrast to the exuberance of December and early January, so people are questioning the strength of the larger bull trend and are wondering if the top is in.
The same thing happened all through 2017. Many people thought the top was in after the market dumped off $3K and again off $5K. As it turned out, those were just mid-term corrections and price went parabolic again afterwards. The same will happen again this time, I believe.