In this season we are now, is to be strong with the condition of bitcoin price because BTC is unpredictable. Many successful investors never stop understanding a bear market which has helped many to achieve reasonable profit from their Investment. It is better to understand that nothing last forever in exchange market either good or bad.
I don't think there's anything wrong with the market. the ups and downs of the market become very natural. our job is to read the future of the market, analyze the market for a profit. in analyzing this we need experience to deal with erratic market movements. certainly no one person can win all bets on horse racing
Nobody says that there is something wrong with it, market will go up or down and that's expected. What we are not aware or maybe not in is the fact that is this a bear run? I mean nobody knows if we are in a bear run or not because we stopped going down and even went up a good amount, so it is not really a guaranteed situation for us. Can we say it is a bear market because it went from 64k to 40k? Of course we can call it a bear market. Can we say that it is not a bear market because it went from 30k to 40k? Of course we can.
So, the question is we are looking at it from both sides and we can say that it is doing very well for the both sides and that's fine, this is why I think it is not going to be easy to decide before it happens. If the price starts going down a lot from here then we can call it a bear run, but if the price starts going up then we will say it wasn't a bear run.
Actually, everyone does have different thoughts regarding bear markets, therefore there are always two different opinions in the current situation.
I myself prefer to say that now we have not entered a bear market, because I believe the price above $ 30k is still safe and is still said to be
a correction. Now slowly Bitcoin is starting to approach $40k price, if it manages to go above $ 40k, it means Bitcoin is back on the right track.
But if the price continues to drop below $ 30k, I believe a bear market will occur.