All of this indicates that people are busy buying gifts for families and are not investing in cryptocurrencies. The Christmas time is always very specific and it is difficult to predict anything. However, this year we can say with certainty that December is rather one of the weakest months this year. We will probably have to wait until the new year for the next price increases.
We're almost in holiday season already and its understandable if investors are taking profit to spend for this season. Majority of cryptos are declining right now but I dont think its already the start of bearish market. Few months ago after the ath, Bitcoin's price plunged below $40k level but the price managed to recover back and reach another ath again.
I think we cant see a major pump of the market for this month but it might happen early next year as the start of the first quarter. Its still uncertain but anything unexpected can happen so I believe bullish season will take place again.