I think the price of bitcoin still has the potential to drop from the current price. In the last few weeks, the crypto market has remained sluggish, although it is observed to be entering the green zone. However, overall the market is still not able to fully recover to make a significant price increase.
Given the current economic situation, it is highly unlikely for the market to fully recover, but will it drop below $20k again? That's what I think we all care about. Bitcoin has been hovering at $20k for a long time and now at $23k it will probably take a while at this price before deciding on a new trend. Compared to last month, bitcoin is currently much better trading at $23k, but there is no guarantee that we will not be in bear season. I think we need a target of at least $30k to say bear season is over.