Are we really back in the bear market? I saw an influencer shared this, and if it is actually true, then it is a confirmation that $BTC may enter $90k+ soon and may liquidate a lot of people that are already in the LONG position. What do you have to say concerning this?
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Now that the market tumbled down a bit, threads like this are popping out yet again just like what happened when Bitcoin went down to as low as $74,000 a few months ago, and when Bitcoin dropped below $100,000 during the Iran-Israel war.
Just to answer your questions, no we aren't in a bear market, but we're just in a normal correction because at some point, there are investors who will sell their holdings, and take profit, and maybe include those investors who are panicking and they're selling even at a loss. I don't know about the influencer that you saying, but what I believe is that, the time that we only see Bitcoin at the $90,000 price range is when we enter the bear market season, and right now, we aren't in a bear market season.
I hope that you didn't follow that influencer that you're saying. We are in a bull market season, and what you're saying currently is just a normal correction, and just like what's happening in the past, it will just go up again and will reach new all-time highs... or not, and you and that influencer that you're saying might be right.
