It looks like the downward trend will be prolonged after the rumors a few weeks ago from Tesla and the ban on miners from China to make the market a bear, on the other hand nothing can strengthen the market again after the previous bullrun and now just waiting for what trend what happens next, could this continue to be a bear market? the price is close to $ 30k and my reason is that if it has reached $ 20k it is possible that bitcoin will experience another prolonged crisis.
The market is going down again and it is difficult to know what it is going to happen, we have been trading near the 30k level for some time and this had people worried, now the price is trading below that level and if this continues for long then a new drop in the price could be inevitable, however this is not as bad as it may seem as this could be the perfect moment to buy some bitcoin and get it relatively cheap, so anyone that has some fiat available should take advantage of a new correction in the case it appears.
Its true that market prediction is quite hard to do. Many factors are affecting the price of BTC. However, this week was good for Bitcoin. The price got up to 40K+ area and still fighting the resistance of going back to 39K in just a matter of days. Jack Dorsey and Elon musk had something to do with it but still its too early to say that the upward motion would continue. I just hope you filled your bags way back last week.