I think seeing the condition of the very deep decline in the price of bitcoin in the last month, bitcoin is indeed in a bearish phase. However, for now, no one knows when this bearish phase will end and Bitcoin will bounce back. Therefore, in the midst of the current market conditions that are experiencing price declines, it is better not to try trading or investing in the short term, we should not go against the currents in the current market. Wait until market conditions stabilize.
There is no doubt that the price of bitcoin has corrected itself in a significant manner but I think it is too early to determine that what we are experimenting is a bear market already since the time it has passed is too short, we need more time in order to be able to tell that, we also need to consider the external factors that are affecting the price as it is obvious the fear of the new strain of the virus is affecting the current movements of the price, but once it goes away bitcoin could grow significantly again.
We can't conclude anything yet. There are factors that all investors and traders needs to consider.
The current market is trying to bounce, and those who feared for more fall are now victims of those market sways.
Best to reassess everything before you make any movement. The one who considers all grounds is the one who
benefits from this industry. Take time and don't rush things when deciding for your investment.