I am also having the same thought as well looking at the current market situation. It is a bit confusing because of the drastic decline in price value, and I must say that anybody could just conclude that it is a bear market already, as a result of the sharp decline back to the price it was before the US presidential election last year.
However, I do not really see much of a bear market now, and I believe there would be some bounce back, as it is still early to conclude or assume, looking at the current market position.
The market price of Bitcoin is currently lighting us up even more. If we look at the market today, the Bitcoin market had already crossed 89k, although it has now dropped again, I think this is giving us a signal that our bull season is not over. I have said multiple times before that Bitcoin's price drop could be a bear trap where when users sell their bitcoins at a loss, the whales will take their entries again and only after taking those entries will the bull season run again.
Bitcoin price is now stable above $80k so the market is still holding a strong structure. However, it is still not believed that there will be another bull run in 2025. It is possible that Bitcoin is still giving us an opportunity to get out of the market and wait for the next Bear season. No one can guarantee what will happen in the market at any time. So anyone can make any kind of prediction.
every time a spike of price occur, more people believed we really are going supercycle though. just today the price goes 88k and sure thing everyones smiling like their prediction came true already. if tomorrow another leg down, there will be another prediction also that bears are not over yet.
there are few others are seeing the market to go up especially after learning that Saylor had once again bought a stash of BTC for his company. got to love the sides switching from shilling bears to bulls again.
I agree with you here, and that is just the way investors and traders react to the market. Whenever a bounce back occurs, there would be lots of positive statements about the market, but when it is the other way round, you start hearing another thing also, however, the only goal is just for the market to pick up so that everyone can take profit from their investment. Lately, the market has currently up, and I also believe the bull is not yet over till it achieves a new all-time high again, probably by year-end or beyond, or it might happen sooner, no one can tell.