What I see is that the bullish market is not marked by a decline in Bitcoin prices, although the effect of a decline in Bitcoin prices could also be to encourage more people to return to taking advantage of the market before it experiences the next price spike. But what is quite obvious is that when Bitcoin experiences a price decline, it also causes all altcoins to experience the same thing so that the market does not look good or bullish. So this bullish market is actually a market condition that is improving and continues to experience price increases in almost all cryptocurrencies, including Bitcoin too.
If the market price decreases, it is clear that working morale will decrease, but this will not always be the same as market conditions, for example in 2016 the market economic conditions and also the price of bitcoin at that time actually fell dramatically, so that more or less the experts There are already more people not to dive into the world of bitcoin again, because the effects are no longer profitable for experts in terms of results.