for all outsiders that enter this,
you have to understand that the current claim that bitcoin suffers from a "bear market" is absolutely wrong.
the bitcoin founders in their unlimited greed tried to push the price as high as possible, but ultimately wasted, aquired all possible support they were able to obtain.
without potential new kapital to attract they are now in a stuck situation, as they cant attract new capital anymore to push the value of their beloved "bitcoin"
this stagnation combined with the automatic liquidity loss (miner electricity and infrastructure bill) leads to a slow drain out of capital for bitcoin.
but thats not all, they also are trapped in a death spiral, as people that use bitcoin as a currency, will pay it to someone who doesnt share their "investor confidence"
through the existing deathspiral the bitcoin "earners" then sell their bitcoin in the market again which leads to a continueing collapse in value.
the whole story about "bear market" is just wishthinking or worse deliberate satisfaction, or moral stabilisation procedures to keep intact their "community".
from a socioeconomic perspective of bitcoins situation
according to logic, you are never in a bearmarket, but in reality in a support loss spiral
regards
It is obviously a bear market to me since it has really dumped way lower than the peak. But I guess if you try to see all of the chart from where it has started then you can really say that it isn't a bear market.
