The way I see bitcoin's bearish phase is by looking at the price trend being down a few months ago to 20% of the ATH level where the bitcoin price had dropped to a low of $30k earlier this year. During bear market conditions, traders and investors are not confident about crypto prices, which tend to decline greatly within a certain time frame, resulting in a massive sell-off.
This is becoming very easy and clear right? Is it just me or do everyone feel like we see these huge drops, and then guess how easy it would be to invest and make a profit thanks to it? I am lucky that I got into it at the right time, but I would always get in when it was lower, I just waited for money to arrive in order to be able to invest.
We have seen all these bear movements and people were always hesitant like you said but I do not know why. If bitcoin is low then you just end up making a purchase and wait for it to eventually go up, we all know that it would eventually go so up there is no reason why we should not be certain about it.