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.
Seriously I was expecting more of this threads since yesterday that market was coming down and I wasn’t disappointed, when bitcoin pumps you see those FOMO threads predicting high values for bitcoin and when it starts to actually drops or takes correction you see the FUD spreaders at work trying to speculate the bottom for bitcoin, I think anyone that has gotten into bitcoin even for a year now might have gotten used to this sentiment change.
Bitcoin has actually been on an upward trend for a long time now and there shouldn’t be any surprises at all when this corrections are taking place, for someone who even understands bitcoin this is what happens when bitcoin is even about to create more highs. Yes we might be correcting most of this month but I certainly believe it is going to be the month one will catch some bitcoin at low prices before we head to some highs.
But regardless of how low we will go I still don’t see bitcoin coming down to $90k for now, if bitcoin couldn’t get to this price while there was a band of war then it will take a high impact negative news to see it go there again,