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Your speculation was right, so are you saying that this is not the bear market that we are heading to? That the price will bounce and create a new ATH, if so, I will be more excited because I thought that the bear market has caught up with us like a thief in the night. I am watching with my fingers cross.
Well, I didn't thought even for a second that we are heading to a bear market. That huge decline isn't a sign of the bear market.
If you will look at the daily chart of Bitcoin, it formed "Dragonfly Doji" which means that price can go up after a price decline and that's what's happening right now. For those traders, for sure they made huge profit in the last few days if they manage to ride that wave. I mean going up $10,000 then going down at around $8000 then going up yet again. That's a huge profit.

Nevertheless, I still don't want to think that we are heading towards the $100,000 right now.
It must break the current resistances which is $89,000 & $94,000 and from there, we will see.