Possible. Especially if no changes will be happening regarding economic problems we are currently facing. If it is possibility in in broadest sense. Hopefully things would change next year. Seems like this year is hopeless for a bullish trend now that we are only more than a month away before this year end.
How will the crypto market perform post-market turmoil? Will the bear take control long-term?
Definitely market will recover so from the bottom, the market will slowly recover and transition to bullish market. Since you had stated post-market turmoil, we can assume that the sentiment of market is starting to get bullish. The bear market is always longer than bull market, we have seen the current bear market extend to almost one year and may go further than that. The one hope of bullish market is on 2024 which is more than a year from now, so possibly we still have a bear market next year.
2024 is far beyond the present. Think of how many crypto investments would die by waiting. If the increase would happen next year, that would be better ofcourse because halving MIGHT prolong the run, if ever. And if not, same thing would happen just like in year 2018 wherein market was stagnat for almost two years, and that was a horrifying experience 'coz many people have lost fauth in this industry that time.