Worst case scenario $40,000 per bitcoin and the trigger might be Microstrategy. They are opening yet another possibility to sell their bitcoin and people are so worried about it, it seems.
Regarding bear market, we are already in one. All these dumps and fear, clearly describe bear market even though maybe we haven't faced the absolute bottom of this cycle.
That is bad if the price really drop to $40,000 but we can't complain and accept it. In other side, the drop gives us more chances to buy back at lower price and rich people will not miss that chance and they will buy a lot that they can. The bear already comes so we should be careful making decision and the important is don't panic because that can makes us difficult to think clear.
Bitcoin dropped to $60k in early February before rising to $83k and then falling back to $63k as it is now. That means we have been in a bear market for a while, and it is not over yet.
What is happening is unsurprising, as it is a typical characteristic of a bear market: deep decline, false recovery, followed by another drop
I do not know what will happen next, but if Bitcoin falls to $50k or lower, it would still be quite normal. As mentioned, we are in a bear market.
Yep and we don't know what will happen and only be careful. The situation unpredictable but I guess some people already take their profit from the increasing. In this bear market, I wonder if altcoins can start position to increases or it will sink following Bitcoin correction but if altcoins could increases and have ATH, that will be good because we can have bonuses to take profit.