Man, this bear market has to timeline of until when it will hold. But most likely it's going to stay for the entire year. The recovery might come by 2027 and that's based on the cycle that we've seen before. You haven't sold and that's okay if you'll hold longer. No one knows when the bottom is in but, in good faith that we've got it early and it's already in when we've seen Bitcoin dropped below $70k. The market is still alive and doing well if it's seen from the past years before the 2024-2025 bull run.
The bottom has clearly not yet been reached, i.e., the market correction is not yet complete. I think there may be a rebound in the short term, but there is still a possibility that BTC could fall below $60k. Either way, if we analyze the BTC chart on large timeframes, things aren't so bad. I mean, such a correction is quite normal, considering that BTC had previously been rapidly reaching new ATHs.
Yes, no one knows when it will be in the bottom and the Q1 has just started for this year. There is still so much to happen for this year, I think we'll see some quite good recovery after the chinese new year for this month. And let it all go with the geopolitics and other factors that duly affects the market every now and then.
So, if BTC looks good in the long term, then many altcoins will also look good, given that many of them always follow the trend set by BTC.
While this is true, but there are also a lot of altcoins that don't recover anymore whenever BTC does.