But in this season or era bitcoin will not drop down to $16k again so in what price do you think bitcoin has hit the bear market in this current epoch? $50k? $60k? $70k? What is your bear market price of bitcoin?
At this point, it doesn't look like we are experiencing a bearish run, or we are fully in a bearish season, but of course, we are experiencing a bearish move that might reverse to a short term bullish movement at anytime. The market has not really been stable as the tariff keeps weakening Bitcoin price. We saw $88K last week, $74K in last than 24hrs, and $78K at the time of writing. I think that already tells us enough.
So, I will start considering the bearish run/season from $40K mark.
Well, once the bear flag enter the market, many people, including experts, forecaster, market analyst will surely confirm even from the extent of the price increase or decrease, will not be hidden situations. We may not be able to speculate or determine the exact price level that bitcoin price could be considered bearish. Though there are many analysis that suggested that as bitcoin price break below $70k, it might be a confirmation price level, while others are looking at the price going below $65k to $65k as bearish confirmation price.
In facts, there are many ideas about the bear run recently, I think it will be clearly seen when the market start bear trends in my opinion.