Good morning everyone

Those who say bear market or not are probably forgetting the date

From the rise in 2015 to 2017

Bitcoin rose from about 200 dollars to 20000 dollars

And along the way, it experienced more than 5 corrections

Each one of them dropped from 30 to 40 percent

Some lasted weeks, and some lasted a few months

None of them were real bear markets

Because the trend continued upward and broke new peaks

We really saw a bear market after the peak of 2017

From 20000 dollars, we dropped down to 3000

A drop of more than 85 percent

And we stayed from 2018 until the end of 2020 to return to the peak

This is a full-fledged bear market

The same thing happened after the peak of 2021

From about 69000 dollars, we dropped down to 15500

A drop of about 78 percent

And the market stayed almost two years in a downturn

And this is also a clear bear market

But in the middle

In 2013 and 2021, there were major corrections

70 to 75 percent

But we returned to new peaks within about a year and a half

These are called mid-cycle corrections, not market ends

As for the small drops

20 to 40 percent

That return within two to three months

Like what we saw more than once in 2020, 2023, and 2024

These are tremors, not a bear market

So those who say we are in a bear market

And at the same time expect new peaks soon

Are talking about a correction, not a bear market

The conclusion

A drop of 40 percent and a return within 6 months is different

A drop of 80 percent and staying for one or two years is different

The degree and time are more important than the name

And those who understand this difference know when to buy

And when to close their positions