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.
idont know . May be yes or maybe not. But in my opinion if this year is a bearmarket maybe this is a short bearmarket. So many people investors know about crypto now ihope this is not a bearmarket its only a long correction and it will be bounce on the last support
I do agree that there is a good case to be made about the short bear market situation. When things crash this hard, it is rarely common for it to stay that way, I am guessing that the best case right now would be to make it go away as quickly as possible and ignore all these FUD callers. Just hold on, and wait for it and biggest possibility right now is the price getting super high.
I am not saying that it will happen 100% for sure, but that has been what we have seen from crypto for the longest time. I can't guarantee anything right now, but I can say that if future of the market follows the past, these crashes often end up being a super hyped increase eventually.