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.
Many people believe the bear market we are facing this time is a short bear market, if 2018 we have to wait more than two years to see the bull market recover, this time it might be just a year or even less. In fact, in my opinion, project developers seem normal with the bear market this time, they are still focused on developing their projects ignoring market conditions, but will look for opportunities to get hype in various conditions.