I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
At the end of the day you can think whatever you want about the direction the market is going to take, but it is too soon to think the bear market has taken hold, the whole month of December is still to come and we know that it can be a very positive month for bitcoin, in fact I would not be surprised if we saw a new ATH during that month as the expectations of traders are through the roof, and this alone could be more than enough to push the price of bitcoin up.