Quote from: Oshosondy on November 27, 2021, 05:48:20 AM

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?

Just because the price has decreased from the previous ATH level, I don't think we can say that it is currently entering a bear market phase. If you are a trader, you should be able to distinguish between a temporary price drop and a bear market. Therefore I think the current price decline is only temporary and a price recovery is imminent.