It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
We have been watching the BTC market between $38-42k for a long time. But now it has come down $38k even further. At the moment, many are speculating that the price of BTC may go down further, in which case the altcoins may go to a worse position. But i am not worried about it because we can see the strong support zone in 30k range.