I say this phase has already begun. So, what do you guys have to say?
The falling pattern is very similar to 2018 falling pattern, just that it was unexpected that FTX customers fund misappropriation would be the cause of what we expected in November, but it happened and the price declined further, but just that bitcoin price did not fall much more, but many altcoins suffered significantly with most price fall. With what I think, the price of bitcoin has falled significantly from all-time-high, even if the price would declined further, it will not be significant which means it is advisable to buy now, or better just DCA. But to tell if the bear market is over, I do not know, but it is getting closer to bull time.