Has the bear market started?

[Faisal2202]

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

I think it should happen, which means a bear market or correction was necessary for the market to go up again. I still thing BTC can go as low as $50k. But after that, it will touch $73k IMO. I might be wrong but many technical indicators show that. I honestly don't want BTC to go as low as $50k but I think in the long run like after October or near October BTC might lose its value.

After that maybe in the Q1 of 2025, BTC will try to break the $100k target. Many of the institutional investors and analysts made that prediction I just aforementioned, but don't know where they are now, or why they are not back supporting what they said before. I still thin we are heading towards a bull run because bull run definitely comes after halving and my heart don't want to think otherwise. Which I know is a bad thing.