I doubt that we have entered a bear market, even though we are still in a correction.
sure it is possible, but I doubt it.
We have been in a bullmarket since November 2022, and it was not confirmed to be a bull market until either mid-2023 when we bounced pretty well above the 200-WMA, or perhaps sometime in late October 2023 when we clearly bounced way above the 200-WMA.
We have not yet bounced out of our current bull market.
If we get into the lower $60ks and stay there, then I might concede, but I still might not.
In bitcoin, a correction is not the same as going into a bear market, and we can ONLY be in either a bear market or a bull market. NOT both.... so it seems that we are in a bull market until we are in a bear market.. and it is too early to proclaim that we are in a bull market... at least from my perspective... but yeah, some guys just love to throw around meaningless terms and proclaim that we are in a bear market when we are not.
Bull and bear market is an indicator for Bitcoin market and you wouldn't know when exactly if we are in bull market or in bear market until takes some months of average candles because they are lagging indicators. They must happen before you can conclude we are in bear market or in bull market. The 2022 to 2024 is a clear example, while everyone will be speculating we are in bull run or in bear market, the market must have prints some candle before we see the bull run.
Take a look at this chat
Bitcoin was bottom around $15k in late November of 2022, that was the beginning of bull run but just like I said, it's lagging indicator and you wouldn't know until it happen first before you can say we are in bull run and it lasted till January 2025 where Bitcoin hit $109k price.
Is this the end of bull run? We can't really say for sure because Bitcoin price doesn't move in a straight line, it's a combination of high and low and from the chat, if things turn out well, Bitcoin price can still print more green candles and the trend can still continue to where it's going to another all time high.
Whats happening is just political differences but it wouldn't continue forever, these are short term obstacles that will be a bullish momentum in the market, forget about the billions and trillions of dollars that are been portray by the media that left, they never left they are just taken away to prevent short term losses, when the time is right again, they will inject them to the market and it will looks like like smart money free pump for both traditional markets and the Bitcoin market.
But after reading all you wrote down I realized that you where using it to express an opinion which is not bad in anyway, but honestly speaking, am not a fan of looking at the price chart, because it might compel you to take decisions that you shouldn't have because your emotions may be bruised by just paying too much attention to the price chart of Bitcoin, it's mostly traders or those selling off their Bitcoin for minimal gains that usually pays much attention to the price chart because they think they can outsmart the market which is very much unlikely.
With the current dip in the market, am not that too bothered because I am very positive that Bitcoin will always behaves like Bitcoin and rally back no matter how dip it went, so I would prefer using this opportunity to buy more Bitcoin at a cheaper rate if I have the spare cash to do so, than panicking .
Long term Bitcoin investors also needs to be checking the chart to know how Bitcoin price is going especially if you have plans to accumulate aggressively during any dip that comes up, let's not forget there are investors who has been building there reserve funds in other to use it to buy aggressively during a dip so if they don't check the market chart how will they know if there's a dip so checking Bitcoin market chart is not only for traders, long term investors who has plan of accumulating aggressively during a dip also needs to check.
And again checking the market chart can't make you take decisions you don't want to take except you don't understand how Bitcoin investment works if for example you have been building your reserve funds so you can use it to accumulate aggressively during any dip how will check the market chart affect your decision making as an investor you should know what you want, your mission as an investor is to check chart if there's no dip you go off and continue with your DCA or what ever strategy you have been using and if there's a dip and you want to accumulate aggressively using your reserve funds is fine.
So the point is as a long term investors who has plans of accumulating aggressively during a dip you need to be checking the market chart that those not make you a trader.