I think crypto winter is already upon us, no matter how BTC proofs to be stronger it always goes lower since last month, it's getting more harder to retrace old ATH even while institutions are adopting the coin, I believe that massive sell off will happen soon which will unlock the door for the bears
The current price is not bad, at least majority never even expected the market to be at this level by now when it started falling. Earlier I was already seeing so many people who were saying that the market would drop below this when the bear market starts. Some of them even went as far as saying that it would drop to $20,000.
So, that’s to tell you how low the people thought we would get, but today we are still above that and the market is not going anywhere below the $40k mark. And the way I am seeing it, it might continue to stay above this price. A lot of analysts are positive on how the market would be rounding up, although I’m skeptical on that, since the year is already running out, but let’s wait till then and see.