The 'Bear Market' is really bad right now sad to admit. We have seen the price of Bitcoin between 16k and 18k for some time now. It is still very uncertain when this 'Bear Market' will end but some people think the Bull Market will start early 2023 and this something I want to believe is going to happen.
When the price was 18k I saw many people talk about how we have hit the rock bottom in Bitcoin price and it can only go up from here. Soon after that the price went back down to 16,500 so at this point we really do not know when it will end.
I think it's not really that bad, it has been holding off very well all things considered and I believe that it should go on like that for a while longer. I am not saying that it is going to end up with a higher price right away, but I am not expecting it to do greatly in the long run neither.
It should be something that is stable for a while, and to think that we have been between 15k to 25k for the past 8 or so months, I can say that it has been quite stable compared to past. People claim bitcoin is volatile, but considering the range it had for the past 8 months, plenty of investments, including stocks, had the same sort of range as bitcoin during the same period.