Can we still call this a bear market? Serious question. We've been pretty much static for the last month, and always at a price higher than the $3,200 low we hit back in December. I don't think this is a bear market as much as it is a sideways market. I understand your sentiment, though. But as long as development is ongoing and adoption is spreading, I honestly wouldn't mind another 411 days at these prices.
The thing here is that as long as the market is being controlled by algorithmic trading activity, we'll be seeing prices go lower and lower, because that's what bots are programmed to do. They respect the bearish trend extremely well. We need spontaneous buying to happen and give the market the boost that it needs, otherwise we can be up for a long ass bear market, or sideways moving market.
People think that we'll be pumping towards $20,000 again effortlessly, but that's not the case. Bots are securing profits as soon as they see an opportunity to do so, sell the market down, buy in, and repeat. In other words, it's going to be a slow journey.
As long as we haven't broken through previous lower highs, I'm not really expecting anything to change. Every previous support level has become a resistance level.