So annoying lol, but I don't personally believe we're entering the bear market - as many like to point out.
Just a consolidation within the range that lasts for a few months.
#BTC formed a 4th red weekly candle in the row, the last time it happened was in June 2020, but not nearly significant as this one.
RSI is still not beneath 30, meaning that #BTC is not oversold yet, so I wouldn't be surprised to see another legdown.
$40K will probably turn resistance instead of being a support.
On the other hand, I found this comparison, and by the looks of it, it seems we might be on a right track.
As long as we print higher lows we're good.
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$40k is a good spot. I don't see how we can ever be in a bear market anymore compared to how far we've evolved in the last 5 years.
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I sure hope thats true haha