There is no doubt that the condition of bitcoin is in critical condition, there is not even an adequate movement in the future recovery, signs of improvement have not been seen until now, this zone almost scares many people, so some have let go / sell bitcoin they have, but for In my opinion, this is a strengthening step in the future, although I am not sure when it will take place, for me market conditions like this are a natural thing, regardless of the sentiment that is born.
You can't expect the price of bitcoin to always be bullish because bitcoin is very volatile. Meanwhile you can expect profit from the fluctuations but don't ever think if bitcoin doesn't manage to recover after the correction it is the start of a relentless slump. This is not a crisis situation for bitcoin as I have seen its price drop by more than 50% of ATH quite often. During 2021 to date we have seen evidence that the bitcoin price has fallen by more than 50% by 2 times, and that is a fact.
What we expect now is a price recovery, this should not happen in the short term while others can wait in the long term. If we go back to ATH 2017, then bitcoin has experienced a decline of more than 80% after ATH 2017 where in December 2018 was the lowest price, if I'm not mistaken.
But now, $40K will soon be reached.